The currency pair pound dollar GBP USD continues to grow and currently the pound dollar quotes are testing the area of 1.2553. The potential to complete the formation of the bearish wave model of Wolf remains, which will indicate the fall of the GBP/USD pair into the region below the level of 1.2250.
Technical analysis and GBP/USD forecast on April 14, 2017
In favor of the drop is the resistance area test on the relative strength indicator. Canceling the option of lowering the quotes of the pound-dollar pair will be strong growth and breakdown of the area of 1.2650, in which case we should expect the pair to continue to grow.
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.
Technical analysis and GBP/USD forecast on April 14, 2017 involves an attempt to complete the bearish wave model of Wolf and the beginning of the fall into the area below the level of 1.2250, the breakdown will be breakdown at the level of 1.2650.
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