The currency pair Pound Dollar GBP/USD continues to test the upper boundary area of the Forex Triangle model. At the moment, we should expect an attempt to rebound and drop the quotations of the pound dollar to the area below the level of 1.24.
GBP/USD Forecast Pound Dollar on April 19, 2017
In favor of the decline is a tight test of the resistance line on the indicator of relative strength, as well as the formation of the reversal Forex model the failed swing. Cancellation of the variant of the fall of quotations of the pound dollar will be the breakdown of the area of 1.2650, which will indicate the quotes output of the pound-dollar pair beyond the upper limit of the Triangle model.
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 19, 2017 involves a rebound attempt from the upper boundary of the Triangle model with a potential downside target near the 1.24 area, the cancellation will be the breakdown of the area of 1.2650.
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