The currency pair Pound to US Dollar GBP/USD showed strong growth at the time of Teresa Mey’s speech, at which it was proposed to hold early parliamentary elections, and at the moment the quotes are testing the area of 1.28.
GBP/USD Forecast Pound Dollar on April 20, 2017
The potential for the development of correction to the area of 1.2670 remains within the framework of the rebound from the upper boundary of the sweet-zone region of the descending Woolf wave model. The purpose of testing the Woolf wave model is the region of an anomaly below 1.22. However, expect a fall in quotes pound dollar is only with the breakdown of the area of 1.26 and the return of the pair into the downward model. Expect the acceleration of the fall is with the breakdown of the line of the upward trend on the indicator of relative strength.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting, Speech by the head of the Bank of England.
GBP/USD Forecast Pound Dollar on April 20, 2017 suggests a correction attempt to the area below the level of 1.2670 within the rebound from the upper boundary of the downward wave model of Wolff, however, do not forget about the yield of the pair’s quotes outside the Triangle model, which can provoke the continued growth in Area above the level of 1.35.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
