Currency pair pound dollar GBP USD continues to trade within a descending model 1:1 model is somewhat stretched, but the overall trend remains downward.
GBP USD Forecast Pound against the dollar on July 13, 2016
We continue to hold the sale of the currency pair GBP USD with a close stop. An additional signal for the continuation of the fall of the pound against the US dollar stands the test downward trend line on the indicator of relative strength, it also points to the drop since the current levels. But do not exclude the option to increase the upper boundary of the model from which is expected to continue falling to below the level of 1.28. Cancellation option will be a strong growth of quotations GBP USD and break through the upper limit of the downward channel.
GBP USD Forecast Pound against the dollar on July 13, 2016 suggests an attempt to continue the reduction in the framework of the descending pattern of 1:1.
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