The currency pair Pound to US Dollar GBP/USD continues to develop an upward correction, but at the moment there is still a high potential for the pair to fall below 1.23. In favor of the drop is a rebound from the broken trend line on the indicator of relative strength, as well as the formation of a downward Forex model 5-0 at small time intervals.
GBP/USD Forecast Pound to Dollar on April 3, 2017
The cancellation of the fall in the quotations of the pound-dollar pair may be a strong increase above the level of 1.2640, which indicates that the pound will continue to grow against the US dollar. Expect the acceleration of the fall of the GBP/USD pair is with the breakdown of the local minimum area.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting the PMI Index for the manufacturing sector.
GBP/USD Forecast Pound to Dollar on April 3, 2017 suggests an attempt to drop the pound’s quotations to below the 1.23 level within the rebound from the broken trend line on the relative strength indicator.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
