The currency pair British Pound to US Dollar GBP/USD continues to move within the framework of the bearish Wolfe wave model with the potential target of working below level 1.28.
GBP/USD forecast & technical analysis on July 19, 2017
At this point, we should expect an attempt to test the upper limit of the model and continue the decline of the pound dollar. The abolition of the reduction option will be a strong growth and breakdown at 1.3170, which will indicate the continued growth of the pair.
Important news from England is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD forecast & technical analysis on July 19, 2017 suggests an attempt to continue the decline as part of the working out of the bearish model of the Wolfe wave with a target to falling at 1.28, the cancellation will be reached by breakdown at 1.3170 level.
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