Currency pair pound dollar GBP USD is trading within the forex pivot head and shoulders pattern. At the moment, there is the potential for the growth of quotations of the pound in the region at the level of 1.3320, where one can try to sell the pair with the tight stop.
GBP USD Forecast pounds on July 19, 2016
The purpose of the fall is the area at the level of the neckline, which points to continued breakout quotes GBP USD to fall to a level below 1.30. Cancellation option mining model head and shoulders will be a strong growth of quotations of the pound against the US dollar above the level 1.3450, which will point to a continuation of the upward movement on the pair GBP USD in the area above the level of 1.37.
GBP USD Forecast pounds on July 19, 2016 assumes the test 1.3320 area as part of an attempt to complete the formation of topping models forex head and shoulders, then we can expect the beginning of falling.
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