The currency pair pound dollar GBP USD continues to trade near the area of 1.25. At the moment, there is still potential for falling quotations of the pound. In favor of falling quotations, the pound dollar is the formation of a reversal Forex model.
GBP/USD Forecast Pound Dollar on March 24, 2017
The failed swing on the indicator of relative strength, which indicates the breakdown of the 1.2350 area by closing prices. To expect the continuation of the development of the downward trend in the pair is with the breakdown of the line of the upward trend on the indicator of relative strength.
The abolition of the option of reducing the pair pound dollar will break through the area of 1.2560, indicating that the pair continues to grow. Among the important news from Britain that can influence the pound against the dollar, it is worth highlighting the volume of mortgage lending from the BBA.
GBP/USD Forecast Pound Dollar on March 24, 2017 involves an attempt to drop the area of 1.2350 as part of working out a reversal Forex model Failed Range on the indicator of relative strength.
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