Currency pair pound dollar GBP/USD is trading at 1.2281. At the moment, the pair continues moving inside the descending channel and the target of the fall is the area below the level of 1.15.
Technical analysis and GBP USD on January 9, 2017 — January 13, 2017
Cancellation option will increase in quotes pound strong dollar next week trading above the level of 1.28, which indicates an upper limit of the breakdown of the descending channel and the continued growth of quotations pound.
Is expected to accelerate the fall is the area with the breakdown of a local minimum. Also, do not rule out another attempt to test the upper limit of the downward channel.
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