The currency pair Pound to Dollar GBP/USD continues to move within the upward 5-0 model and at the moment there is still potential for falling of quotes of the pair in the area below the level of 1.2430, where we can expect a rebound attempt upwards.
GBP/USD Forecast Pound Dollar on April 17, 2017
In favor of the fall is the formation of the reversal Forex Head and Shoulders models, which indicates a drop already from the current levels. The cancellation of the option will be the breakdown of the region of 1.2570, which will indicate the continued growth of the pound-dollar pair.
Important events from Britain, which may have an impact on the pound dollar rate is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Pound Dollar on April 17, 2017 suggests an attempt to fall to the area of the lower border of the rising channel at the level of 1.2430 in the frame of the development of the reversal forex model of the Head and Shoulders.
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