The currency pair pound dollar GBP USD continues to move within the descending channel and at the moment the quotes have reached the upper channel boundary level. It is worth waiting for an attempt to rebound and fall into the area below the level of 1.21.
GBP/USD Forecast Pound Dollar on March 21, 2017
In favor of the fall in the quotations of the pound dollar, a tight test of the downward trend line enters the indicator of relative strength. The cancellation of the GBP/USD fall will be the breakdown of the area of 1.2440, which will indicate the continued growth in the area above the level of 1.26.
Among the important news from Britain, which may have an impact on the pound against the dollar, it is worth highlighting, the Consumer Price Index, the Core Consumer Price Index, the net amount of public sector borrowing.
GBP/USD Forecast Pound Dollar on March 21, 2017 suggests an attempt to continue falling to the area below the level of 1.21 within the framework of working out the downward forex model 1:1, the elimination of the option will be the breakdown of the area of 1.2440.
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