Currency pair pound dollar GBP USD continues to trade within the descending pattern. As you can see, the quotes pound has gone down, but at the moment there is a potential for the development of ascending correction GBP USD is already July 18, 2016 in the area above the level of 1.280 for the completion of the formation of topping forex head and shoulders pattern on the continuation of the fall.
GBP USD Forecast Pound against the dollar on July 18, 2016
Cancellation option working out such a model on the currency pair pound against the US dollar will be the breakdown of the local maximum level that points to continued growth of quotations GBP USD in the area above the level of 1.37.
GBP USD Forecast Pound against the dollar on July 18, 2016 involves the development of ascending correction within the framework of the completion of the formation of the right shoulder reversal pattern, then we should expect the continuation of falling of quotations GBP USD.
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