The currency pair pound/dollar GBP/USD continues to trade as part of the start of the development of the downward Woolf wave model. At the moment, there is an attempt to increase the quotations to the area above the level of 1.3140, where the new price is expected to fall below the 1.28 level of the pound dollar.
GBP/USD prediction & analysis on July 20, 2017
In favor of the rebound, the support line test is performed on the relative strength indicator. In the event of a breakdown of the level of 1.2950, one should expect the pair to continue to decline.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting: The change in the volume of retail trade taking into account the cost of fuel.
GBP/USD prediction & analysis on July 20, 2017 assumes a test of the local maximum level and the continuation of the decline below the level of 1.28, the cancellation will be a breakdown at the level of 1.2950, indicating that the pair will continue to decline.
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