The currency pair British Pound to US Dollar GBP/USD continues to move within the Wedge model. It expects a rebound from the upper limit of the model and the fall of the pound dollar quotations into the area below the level of 1.30.
GBP/USD forecast & analysis Pound Dollar on August 3, 2017
In favor of a pair of pairs is the test of the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall in the quotations of the British Pound will break through the area of 1.33, indicating that the pair continues to grow.
Among the important news from Britain that can influence the Pound against the US Dollar, it is worth highlighting: The decision on the Bank of England’s principal interest rate is expected to leave the rate unchanged at 0.25%.
GBP/USD forecast & analysis Pound Dollar on August 3, 2017 suggests an attempt to fall as part of the start of the Forex development of the Wedge model with a potential downside target near the 1.30 area.
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