The currency pair British Pound to US Dollar GBP/USD continues as part of the bull model 5-0. It is expected to continue the growth of the pair in the area above the level of 1.31. In favor of the growth of quotations GBP/USD is the breakdown of the downward trend line on the indicator of relative strength index (RSI).
GBP/USD forecast & analysis Pound Dollar on July 12, 2017
Cancellation of the growth option will be a fall and breakdown at the level of 1.28, which will indicate the continuation of the decline in the area below the level of 1.26. To expect the acceleration of GBP/USD growth is with the breakdown of the upper boundary of the descending channel.
Among the important news from Britain that can influence the pound against the dollar, there are: Change in the number of applications for unemployment benefits, Unemployment rate, Change in average earnings.
GBP/USD forecast & analysis Pound Dollar on July 12, 2017 suggests a rebound from the lower boundary of the bullish «5-0» model, the growth target is 1.31 area, the cancellation of the growth option will be the fall and breakdown at the level of 1.28.
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