Currency pair GBP/USD is still traded as it was expected in accordance with our forecast on Forex market. At the moment there is a high potential of forming the reversal Forex model Head&Shoulders on the four-hour schedule for the Pound / Dollar currency pair with the further falling. The goal of this model is the area at the level lower than 1.3870. The strong growth of the GBP/USD pair’s quotations higher than the local maximum can cancel the option.
Daily forex forecast/signal GBP/USD on March 16
Thus, according to the Analysis and Forex forecast on 16.03.2016 we have an attempt of correlation in the framework of finishing the “Head & Shoulders” model to use it at the level lower than 1.3870.
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