Currency pair pound dollar really able to show growth in the last month of trading. At the moment, there is the potential for a new wave of fall. In today’s review Prediction Pound Dollar (GBP/USD) to consider the situation in June 2016 for the pair in terms of classical technical analysis.
Forecast Pound Dollar (GBP/USD) — June 2016
At the moment, the value of the relative strength indicator test downward trend line, suggesting a drop in prices pair GBP/USD to below 1.44. Cancellation option can become a strong growth of quotations of the dollar the pound above the level of 1.47. In this case, there is the potential to continue to grow above the level of 1.50 pounds.
Forecast Pound Dollar (GBP/USD) — June 2016 suggests quotations pound drop in the rebound from the resistance line on the display of relative force to fall to a level below 1.40.
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