Technical analysis of the GBP / USD on 14/04/2017
Couple pound dollar on Thursday forex grew in the first half of trading, buyers sterling managed to advance to the maximum weeks of 1.2575. In the second half of the day before the long weekend traders began to take profits, and the pair Pound Dollar exchange rate began to decline. The voltage drop in the geopolitics also helped to strengthen the greenback and against this background that the bears were able to break through the support level of 1.2540-50, and the pair Pound Dollar continued to drop to the level of 1.2500-10
GBP / USD forecast recommendation 14/04/2017
The EUR / USD is trading around 1.2500-10 support, bearish trend is not over, Friday the last day of the week before the long weekend and is unlikely to pass the American position. Traders on the pound is worth waiting for the continuation of decline at a penetration and consolidation below 1.2500 to around 1.2460-70. An alternative would be a retreat from the 1.2500-10 support and return to the intermediate resistance 1.2525, after hitting a pair may extend gains to 1.2560
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