Currency pair British Pound to US Dollar GBP/USD continues to move within the rising channel. It is worth waiting for an attempt to test the lower border near the area of 1.2950 and rebound the pair. In case of breakdown of the lower boundary of the channel, we should expect the continuation of the decline in the area below the level of 1.28. Expect to accelerate the pair’s growth pound dollar stands with the breakdown of the local maximum area.
GBP/USD forecast British Pound on May 26, 2017
Important news from England is not expected, so the pair will continue to move in the technical analysis GBP/USD.
GBP/USD forecast British Pound on May 26, 2017 suggests an attempt to fall to the lower boundary of the upward channel at 1.2950, from which it is expected to rebound and continue the growth of the pair, the cancellation will be a breakdown of the lower boundary, which will indicate the continued decline in quotations.
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