Currency pair pound dollar GBP USD continued to rise, but at the moment is stored potential to continue fall within the descending forex model 1: 1 in order to fall below the level of 1.29.
GBP USD Forecast British Pound on August 26, 2016
Cancellation option of reduction of quotations GBP USD will be strong growth and a break above the 1.3290 area, which point to the continued growth of the pound in the area above the level of 1.3450. An additional signal in favor of the quotation GBP USD fall to 1.2970 appears to complete formation of the descending pattern Wolfe waves. Also, the values of the relative strength indicator is testing the resistance line, indicating a drop from current levels.
GBP USD Forecast British Pound on August 26, 2016 suggests the beginning of the decline in the rebound from the resistance area with the immediate goal of the fall in the GBP USD 1.2970.
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