The currency pair British Pound to US Dollar GBP/USD continues to bargain within the framework of the reversal forex model Head and shoulders. It is worth waiting for an attempt to fall into the area below the level of 1.27. In favor of the fall is a test of the downward trend line on the indicator of relative strength index. Expect to accelerate the fall of quotations of the pair British Pound to US Dollar is with the breakdown of the area of 1.2850.
GBP/USD forecast US Dollar to Pound on May 18, 2017
Cancellation of the variant of falling quotes of the pound-dollar pair will be a breakdown of the area of 1.30, which will indicate the continued growth of pair GBP/USD.
Among the important news from Britain that can influence the pound versus the dollar, it is worth mentioning: Retail Sales With Auto Fuel, is expected to grow from -1.8% to 1.2%, which can support the rate of the British Pound to US Dollar on Forex. Retail Sales Ex Auto Fuel.
GBP/USD forecast US Dollar to Pound on May 18, 2017 suggests an attempt to fall below 1.27 as part of the start of the development of the reversal Forex model “Head and Shoulders”, the breakdown of the 1.30 area, which will indicate the continued growth of the British Pound to US Dollar GBP/USD.
