Currency pair pound dollar GBP USD continues to move upward within the model 5-0, but still should not expect an attempt to break the rising channel’s lower border and a drop in prices to a dollar a pound below the level of 1.2270.
Pound Dollar forecast GBP USD on February 23, 2017
In favor of reducing the lower limit of the sample perform a model triangle that points to the acceleration of the fall of quotations GBP/USD. Cancellation option will be a strong growth of the pair above the 1.2550 level, which points to continued growth in the region above the level of 1.2750.
Important events in the UK, which could affect the course of the pound dollar is not expected, so the pair will continue to move within the framework of technical analysis GBP/USD.
Pound Dollar forecast GBP USD on February 23, 2017 suggests an attempt to fall under the breakdown triangle forex pattern down with the potential to reduce the level below the area of 1.2270, in favor of the fall is the dense test downward trend line on the indicator of relative strength.
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