The currency pair US Dollar to British Pound GBP/USD continues to test the resistance area near the level of 1.2820. It is worth to expect a rebound attempt and the beginning of the fall in the area below the level of 1.26 as part of the beginning of the development of the reversal Forex Head and shoulders models on the relative strength indicator.
GBP/USD Forecast US Dollar to Pound on April 27, 2017
Canceling the option of reducing the pound-dollar pair will be a breakdown of the area of 1.2980, indicating that the pair will continue to grow. Expect to accelerate the fall of quotations is with a breakdown of the Neck line reversal forex model.
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 Dollar to Pound on April 27, 2017 suggests an outflow and the beginning of the pair’s fall into the area below the level of 1.26 as part of the development of the head and shoulders reversal model on the relative strength indicator, the breakdown of the region will be 1.2980.
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