Currency pair British Pound to US Dollar GBP/USD continues to move within the framework of the bullish 5-0 formation. It is worth waiting for an attempt to drop the quotations of the pound dollar in the area below the level of 1.28.
GBP/USD Forecast British Pound on July 4, 2017
In favor of the fall comes the breakdown of the upward trend line on the indicator of relative strength. An additional signal is the breakdown of the lower boundary of the «Triangle» model. Near the area of 1.28, we expect a rebound and a rise in the quotes of the Pound/Dollar pair.
Among the important news from Britain that can influence the British Pound against the US Dollar, it is worth highlighting: the PMI index for the construction sector, it is expected to decrease from 56.0 to 55.2, which may put pressure on the British Pound.
GBP/USD Forecast British Pound on July 4, 2017 suggests an attempt to reduce to the support area at 1.28, where again we should expect a rebound and the growth of quotations to the local maximum area, in favor of the drop is the breakdown of the trend line on the indicator of relative strength index (RSI).
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