The currency pair pound dollar GBP/USD broke through the uptrend line, which indicates a potential continuation of the decline as part of the start of the development of the reversal forex model Double top. The purpose of falling and working off of such model is the area at the level below 1.22.
GBP/USD Forecast Pound Dollar on April 5, 2017
The cancellation of the fall option will result in a strong growth and breakdown of the region of 1.2570, which will indicate the cancellation of the model and the continuation of the growth in the area above the level of 1.2650. Expect the acceleration of falling quotations of the pair GBP pound stands with the breakdown of the support area 1.24.
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 service sector, Composite Index PMI.
GBP/USD Forecast Pound Dollar on April 5, 2017 suggests an attempt to continue falling as part of the development of the reversal Forex model with the potential to reduce the near area 1.22.
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