The currency pair pound dollar GBP USD left the descending channel, but there is still potential for falling to the area of the nearest support within the framework of the development of the reversal Forex model. The failed swing on the indicator of relative strength.
GBP/USD Forecast Pound Dollar on March 22, 2017
The purpose of falling and working off of such model is the area at the level of 1.2350. The cancellation of the option will be continued growth and closing of the pound dollar quotes above the 1.25 area. Important events from Britain, which may have an impact on the pound dollar rate is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Pound Dollar on March 22, 2017 involves an attempt to reduce and return the pair’s quotes to the inside of the descending channel in order to lower near the area of 1.2350.
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