Currency pair pound dollar GBP/USD continued to fall within a bearish pattern Wolfe waves. At the moment, there is the potential to bounce up in the region at a level above 1.4630.
GBP/USD dollar exchange rate forecast — June 3, 2016
It is expected to complete the formation of reversal pattern head and shoulders, that will indicate a potential drop in prices Pound Dollar below 1.40. An additional signal in favor of the growth of quotations pound testing the support line on the indicator of relative strength. GBP/USD dollar exchange rate forecast — June 3, 2016 suggests the pair to 1.46 levels within the framework of the beginning of the formation of a head and shoulders pattern.
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