The currency pair British Pound to US Dollar GBP/USD continues to move within the framework of the bearish wave model of Wolfe. It is worth waiting for an attempt to test the area of 1.3170 and the fall of quotations below the level of 1.30.
GBP/USD forecast & analysis Pound Dollar on July 28, 2017
In favor of falling quotes of the pound/dollar pair, a trend line test will appear on the indicator of relative strength index (RSI). The abolition of the fall option will be a breakdown at 1.3250 level. Expect to accelerate the fall of the pair is with the breakdown of the level of 1.3010.
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 July 28, 2017 suggests a fall attempt as part of the start-up of the bearish wave model of Wolfe with a potential downside target at 1.28, an additional signal is the trend line test on the relative strength indicator.
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