The currency pair British Pound to US Dollar GBP/USD continues to move in line with expectations and our GBP/USD forecast. At the moment, quotes of the pair test the lower limit of the Wedge model, we should expect a rebound and a rise in quotations of the pound/dollar to the area above the level of 1.32, where again we should expect the pair to fall.
GBP/USD forecast & analysis Pound Dollar on August 4, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). The abolition of the growth option will be the fall of the breakdown of the 1.31 area, then it will indicate the continued decline of the pair.
Important news from the UK is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD forecast & analysis Pound Dollar on August 4, 2017 assumes a test of the level of 1.32 and the continuation of the fall of the pair into the area below the level of 1.2850, a break of 1.33 level, which will indicate the continued growth of the pound/dollar pair.
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