The currency pair British Pound to US Dollar GBP/USD keeps moving within the framework of the formation of the bearish wave model of Wolfe. It is expected to rebound from the top of the model and the beginning of the fall of quotations of the pound dollar below the level of 1.2780.
GBP/USD forecast & analysis Pound Dollar on July 18, 2017
The cancellation of the GBP/USD decline option will be triggered by a breakdown at 1.3150, indicating that growth will continue.
Among the important news from Britain, which can influence the pound against the dollar, there are: Consumer Price Index, Basic Consumer Price Index, Retail Price Index, Producer Procurement Price Index, Speech by the Bank of England Speaker.
GBP/USD forecast & analysis Pound Dollar on July 18, 2017 assumes an attempt to drop the pair as part of the beginning of the development of the forex model of the Wolfe wave with the potential target of falling below the 1.28 area, with a breakdown at 1.3150 level.
