The currency pair pound dollar GBP USD continues to move within the fall, the pair quotes were able to push off from the resistance area in the form of a downward trend line on the indicator of relative strength. At the moment, the pound dollar is testing the area of the lower boundary of the descending channel, the breakdown of which indicates the acceleration of the fall with the target near the area of 1.20.
GBP/USD Forecast Pound Dollar on March 15, 2017
We continue to hold down the pair’s sales and try new deals in favor of the fall as the GBP/USD decline continues. The abolition of the fall variant will be a breakdown of the region of 1.23, which indicates the continuation of growth to the upper boundary of the descending channel near the 1.24 area.
Among the important news from Britain, which can influence the pound against the dollar, it is worth highlighting, the change in the number of applications for unemployment benefits, the unemployment rate, the change in the level of average earnings.
GBP/USD Forecast Pound Dollar on March 15, 2017 suggests an attempt to breakdown the lower boundary area of the downward channel and accelerate the fall into the area below the level of 1.20.
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