Currency pair British Pound to US Dollar GBP/USD completes the trading week by falling near the area of 1.2860. It is worth waiting for an attempt to continue falling into the area below the level of 1.2440. In favor of the fall comes the breakdown of the upward trend line on the indicator of relative strength index (RSI).
GBP/USD forecast on May 29, 2017 — June 2, 2017
The abolition of the option of reducing the pair British Pound to US Dollar will be strong growth and breakdown of the area of 1.3050. Expect to accelerate the fall of the pair is with the breakdown of the support area at 1.2640. Near the area of 1.2440, we should expect a rebound and a pair growth attempt.
Among the important news from England in the next trading week, which can have an impact on the GBP/USD rate is:
1 June 2017, Friday, PMI index for the manufacturing sector.
GBP/USD forecast on May 29, 2017 — June 2, 2017 suggests an attempt to continue the pair’s decline to the region of the unfavorable border of the bullish channel near the level of 1.2440, where the continued growth are expected, the decline will be strongly boosted by the breakdown of the 1.3050 area.
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