Currency pair pound dollar GBP USD failed to break through the upper boundary of the descending pattern is 1:1 and went on to develop upward correction. At the moment, there is the potential to complete the formation of a bearish pattern 5-0 to reduce the pound below 1.25.
Forex GBP/USD forecast pounds on July 14, 2016
Cancellation option will be a strong growth of quotations of the currency pair GBP USD higher than 1.36, which indicates a potential reversal of the pair. An additional benefit of the fall is the signal of the test values relative strength indicator resistance area, we have seen the fall of quotations GBP USD from these levels, so expect a new attempt working out such a signal.
Forex GBP/USD forecast pounds on July 14, 2016 suggests test the upper boundary of the descending channel and continuing fall of the pound against the US dollar, the cancellation will be a strong growth of quotations GBP USD above 1.36 level.
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