The currency pair GBP/USD continues to move within the rising channel. It is worth waiting for an attempt to fall and test the lower border of the channel, from where again the pair can show growth above the level of 1.3050.
GBP/USD forecast Pound Dollar on July 7, 2017
In favor of the growth of quotations, the pound/dollar will perform a tight test of the support line on the indicator of relative strength index (RSI). Canceling the growth of the pair will be a fall and breakdown of the area of 1.28, in which case it is expected to continue the decline in quotations.
Among the important news from Britain that can influence the pound against the dollar, it is worth highlighting: The change in the volume of industrial production, the growth is expected from 0.2% to 0.4%. The balance of the visible trade, Data on the change in GDP from NIESR.
GBP/USD forecast Pound Dollar on July 7, 2017 suggests a correction attempt to the lower boundary of the channel at 1.28, from which it is expected to rebound and the growth of quotations to the area above the level of 1.3050, the cancellation will be the breakdown of the area is 1.28.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link