Currency pair pound dollar GBP USD continues to trade within the descending pattern of 1:1. The purpose of the fall and testing of such a model is the area on the level below 1.26.
GBP USD Forecast July 12, 2016 Pound sterling
At smaller time period there is a potential for the formation of the descending pattern head and shoulders, indicating a continuation of the fall of the pound against the dollar since the current levels. Cancellation option will be a strong growth of quotations GBP USD in the area above the level of 1.31, which points to the continued growth and development of the upward correction. We are trying to close the sale with a table and with the development of the fall ready to increase sales, but it is important to remember that the pound is trading at multi-year lows, and at any moment there can be a strong upward pair GBP USD correction.
GBP USD Forecast July 12, 2016 Pound sterling attempt involves falling within the descending pattern of 1:1 in order to fall below 1.26.
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