Currency pair pound dollar GBP USD continued to fall and is now trading at 1.3444. At the moment, there is potential for development of ascending correction within the framework of the completion of a bearish pattern 5-0.
Forex Forecast GBP USD today — June 28, 2016
The purpose of the fall and testing of such a model is the area below the level of 1.30. To complete the model you want to see the growth of quotations GBP USD in the region at a level above 1.40, where you can try to sell the pound against the US dollar. Cancellation option can become a strong growth of quotations GBP USD above 1.45 levels that will trigger further growth in the area above the level of 1.50.
Forex Forecast GBP USD today — June 28, 2016 to try presupposes upward correction to the upper boundary of the descending channel and the continued fall under the mining model 5-0.
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