Currency pair pound dollar GBP USD continues to trade within the forex pivot head and shoulders pattern. Currently quotes pound against the US dollar broke through the neckline pattern, indicating a continuation of the fall and mining purposes at a level below 1.28.
GBP USD Forecast Pound on FOREX July 21, 2016
Cancellation option quotations falling GBP USD will be strong growth in the pair and the penetration level of 1.33, which points to a continuation of the upward movement and a potential reversal of the pound against the dollar. Also, do not exclude the possibility of a broken neck line test and then only we should expect the fall.
GBP USD Forecast Pound on FOREX July 21, 2016 assumes continuation of reduction of quotations GBP USD within the mining model head and shoulders with a view to below 1.28.
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