Currency pair pound dollar GBP USD ends the current trading week of the fall that we expected in the last forecast GBP/USD. At the moment, there is the potential for the formation of the descending pattern is 1:1, with the potential to reduce the level below 1.39.
GBP USD Forecast June 20, 2016 — June 24, 2016
At the beginning of the next trading week is expected to test the upper boundary of the descending channel and continuation of falling of quotations currency pair Pound Dollar. However, there are risks associated with BREXIT decision, which will be held June 23, 2016 with the decision by the exit of England from the EU structure. Therefore, it is important to either enter the market before this decision and try to keep the position, or after the announcement of the decision.
GBP USD Forecast June 20, 2016 — June 24, 2016 suggests an attempt of forming the descending pattern of 1:1, and the continuation of GBP/USD quotes fall into the region at a level below 1.39. Cancellation option will be a strong growth of quotations of the pound against the dollar above the 1.44 level.
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