The currency pair Pound to US Dollar GBP USD completed the trading week at 1.2545. The pair continues to trade within the framework of the Forex Triangle model and at the moment it is necessary to expect a tight test of the upper limit of the model and the beginning of the fall. In favor of reducing the pound-dollar pair is a tight test of the downward trend line on the indicator of relative strength.
GBP/USD Prediction on April 3, 2017 — April 7, 2017
While this line is not broken early to talk about the completion of a downward trend in the pair. The abolition of the decline option will be the breakdown of the upper boundary of the Triangle model, which indicates that the GBP/USD pair continues to grow above 1.30. In the event of a sharp fall and break the lower boundary of the model should be expected acceleration of falling of pair of quotes to a local minimum.
Among the important news from the UK, which could affect the course of the currency pair GBP USD on the next trading week, the PMI Index for production sphere April 3, 2017, the PMI index for the construction sector April 4, 2017, the PMI index for the services sector April 5, 2017, the volume of Change industrial production 7 April 2017.
GBP/USD Prediction on April 3, 2017 — April 7, 2017 alleged attempt to test the upper boundary of the model and the beginning of fall to the bottom near the region of 1.22, in favor of the fall is the resistance test on the indicator RSI.
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