Technical outlook GBP / USD rate on 04/12/2017
Trading Tuesday on the forex pair pound dollar spent on wave of growth, bears tried to break through the 1.2400 support. But US statistics did not support the greenback, and the Briton up to resistance 1.2440 on the statistics from the UK, the consumer price index for March, the index of purchasing / selling of industrial prices in March, consumer price index for March house price index for February. Bears were unable to keep sterling growth performance Fed Kashkari traders also did not take the positive and the pair continued to rise to 1.2480 - 90
GBP / USD forecast recommendation 12.04.2017
The British currency in the pair with the greenback is trading near 1.2480, the downtrend for the pound remains in force, traders should wait for a rebound from the resistance 1.2480 and 1.2420-10 decline to the support. If the price is able to break and consolidate below, the pound will continue to decline to 1.2360-70 support. Alternative players should be considered price fixing sterling above the support 1.2480, which will allow the bulls to continue to grow GBP / USD to around 1.2500-30
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Analytical Review and forex forecast is a private opinion of the author and is not a guide to trading. Special Forex is not responsible for the results that may arise from the use of trading recommendations submitted reviews.
