Currency pair pound dollar GBP USD also continues to fall within the framework of working out a bearish wave pattern Wolfe, as well as a descending pattern of 1:1.
GBP USD Forecast British Pound on August 31, 2016
Cancellation option will be a strong growth of quotations pair GBP USD above 1.33 level that points to continued growth in the region above the level of 1.34. The purpose of the fall is the area on the lower level of 1.2920, where there is a close part of short positions. The purpose of the descending pattern is 1:1 is the area below the level of 1.28.
GBP USD Forecast British Pound on August 31, 2016 assumes a continuation of a pair of quotes fall within the completion of the descending pattern Wolfe waves in the area at the level of 1.2920.