Currency pair pound dollar GBP USD continues to move through loss. Currently quotes are very close to the lower boundary of the descending channel, we should expect this area and try to rebound above 1.23 level test. Break the bottom of the channel will indicate an acceleration of decrease in pair of quotes for the purpose of falling below the level of 1.2080.
GBP/USD Forecast Pound Dollar on March 7, 2017
In the case of the pound quotations correction is to wait for the test downward trend line on the indicator of the relative strength and once again consider selling the pair GBP/USD.
Cancellation option will be the fall of the strong growth and the breakdown of the area of 1.25, which points to continued growth. Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, the price index for housing by HBOS.
GBP/USD Forecast Pound Dollar on March 7, 2017 suggests an attempt to test the descending channel’s lower border and began pound correction of quotations, but the breakdown of 1.2130 will indicate the region to accelerate the decline.
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