The currency pair pound dollar GBP/USD continues to be traded within the framework of the Forex Triangle model and is currently trending the area of 1.2485. It is worth waiting for an attempt to fall into the lower boundary area with a potential breakdown of the Triangle down model, which indicates that the decline continues below 1.23. In favor of falling quotes, the pound dollar is a tight test of the downward trend line on the indicator of relative strength.
GBP/USD Forecast Pound Dollar on April 7, 2017
Canceling the option of reducing the pair of pound dollar forex models to become a strong growth and breakdown of the area of 1.2540, which will indicate the exit of the pound quotations outside the upper limit of the Triangle model.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting, the change in the volume of industrial production, as well as the speech of the head of the Bank of England, Mark Carney, with a speech.
GBP/USD Forecast Pound Dollar on April 7, 2017 suggests an attempt to fall below 1.23 as part of the start of the Forex Triangle pattern, in favor of the drop is the downward resistance line test 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
