The currency pair GBP/USD continues to move within the framework of the formation of the 5-0 bullish model. It is worth waiting for an attempt to test the area of the lower border of the channel and continue the growth of the pound/dollar pair.
GBP USD prediction & analysis on July 5, 2017
In favor of growth will perform a tight test of the support area, as well as the trend line on the indicator of relative strength index (RSI). The cancellation of the growth option will be the fall and breakdown of the area of 1.28, which will indicate the continuation of the pair’s decline.
Among the important news from Britain, which can influence the pound against the dollar, there are: PMI index for the service sector, Composite PMI index.
GBP USD prediction & analysis on July 5, 2017 presupposes an attempt to test the bottom of the upside of the 5-0 model near the area of 1.28, where again we should expect the pair pound to continue growing above 1.30.
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