Currency pair pound dollar GBP USD continues to trade within the reversal of force model head and shoulders. From current levels we can expect continuation of falling of pair of quotes in the area below the level of 1.28, due to the rebound from a broken neck line reversal pattern.
GBP USD Forecast pounds on July 22, 2016
Cancellation option of continuing the pair GBP USD will fall the strong growth of the pound against the US dollar above the level 1.3340, which will point to a continuation of the upward movement in the area above 1.35.
GBP USD Forecast pounds on July 22, 2016 assumes a continuation of quotes GBP USD falling within the completion of work on the head and shoulders pattern on the hourly chart of the pair.
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