The currency pair British Pound to US Dollar GBP/USD continues to be traded within the bull model 5-0. It is necessary to expect a tight test of the lower boundary of the bullish channel, where again there will be a potential for growth of the pair Pound/Dollar.
GBP/USD forecast Pound Dollar on July 10, 2017
The target of testing the model is the area above the level of 1.3080. In favor of the growth of the GBP/USD pair quotes, a support line test will be performed on the relative strength indicator. The abolition of the growth option will be a fall and breakdown of the area of 1.2750, which will indicate the continued decline of the pair.
Important news from Britain is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD forecast Pound Dollar on July 10, 2017 suggests a rebound from the bottom of the bullish 5-0 pattern and continued growth with a potential target near the level of 1.3080, with a drop and a breakdown at 1.2750, which will indicate that the pair will continue to decline.
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