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Pound/Dollar: 1.5207 Target


The UK pound on Thursday contrived to return to 1.55. From here the pound followed the euro against the dollar by falling to 1.5368. The lower limit of the channel was broken. A fall to the 135th degree to 1.5320 is expected. If we take the euro’s fall against the dollar into account, the pound’s closest target is 1.5207.

Hourly Graph


The pound can’t rise due to the fall of the euro. On the forecast I’ve gone for a fall of the GBPUSD to the trend line at 1.5207.

Daily Graph


Changes for the pound aren’t noticeable, but I’m expecting a return of the rate to the LB.

Weekly Graph

27 October, 07:42 (GMT+3)
Euro/Dollar: Readying for a Fall


Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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