The currency pair British Pound to US Dollar GBP/USD continues to move within the framework of the formation of the «5-0» bullish forex model. It is worth waiting for an attempt to test the lower border of the channel and continue growth in the area above the level of 1.31.
GBP/USD forecast & analysis Pound Dollar on July 11, 2017
In favor of the growth of the Pound/Dollar pair on Forex, the support line test on the relative strength indicator appears. Cancellation of the growth option will be a drop and breakdown at the level of 1.28, which will indicate the continued decline in quotations. To expect the acceleration of growth is with the breakdown of the level of 1.30.
Among the important news from Britain, which can influence the pound against the dollar, it is worth highlighting: Speech by the Deputy Governor of the Bank of England on monetary policy with a speech.
GBP/USD forecast & analysis Pound Dollar on July 11, 2017 involves an attempt to rebound from the lower border of the rising channel and continue to rise above 1.31 as part of the «5-0» bullish model, the cancellation will be breakdown at 1.28.
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