Currency pair pound dollar GBP USD continues to move in the descending channel and currently has the potential to continue fall to the bottom border. However, it is important to continue the reduction of the area to see the breakdown of support at the level of 1.21, which would pave the way for the full development of the downward trend on the pound.
GBP/USD Forecast Pound Dollar on January 12, 2017
Cancellation option will be a strong pair of quotes and sample area of 1.2550, which will point to a continuation of upward correction. In favor of a continuation of the fall is the breakdown of the trend line on the indicator of the relative strength and now there is a tight test of the broken area.
Important news from Britain tomorrow is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Pound Dollar on January 12, 2017 suggests an attempt to continue to fall below the level of 1.1950 in the framework of working out a broken trend line on the indicator of relative strength.
