The currency pair British Pound to US Dollar GBP/USD continues to move within the start of the Wedge turnout. It is worth waiting for a correction attempt to the area of 1.3110 and continuing the decline of the pound/dollar pair into the area below the level of 1.2840.
GBP/USD forecast & analysis Pound Dollar on August 8, 2017
In favor of falling quotations GBP/USD will perform a test of a broken trend line on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the region of 1.3250, which will indicate the continued growth of the pound/dollar pair.
Important news from the UK is not expected, so the pair will continue to move in the technical analysis GBP/USD.
GBP/USD forecast & analysis Pound Dollar on August 8, 2017 suggests an attempt at correction to the 1.3110 area and the continuation of the pair’s decline as part of the Wedge model, an additional signal will be a test of the broken resistance line on the relative strength indicator (RSI).
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