Currency pair pound dollar GBP USD continued to fall and ends the current week en local minimum level. As part of the descending pattern is expected to continue to decline below the level of 1.26.
GBP USD Forecast Forex July 11, 2016 — July 15, 2016
However, in the near future we expect the beginning of the upward correction in the area above the level of 1.35, which can finish 5-0 and downward model will point to a continuation of falling of quotations GBP USD to below 1.20. Cancellation option of 5-0 descending pattern can become a strong growth gbp usd pair on the next trading week above the level of 1.42, which points to the continued growth of quotations GBP USD in the area above the level of 1.47.
GBP USD Forecast Forex July 11, 2016 — July 15, 2016 suggests an attempt to upward correction within the framework of the completion of the formation of the descending pattern 5-0, for this it is important to see a test of the upper boundary of the channel at a level above 1.35.
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