The currency pair GBP/USD continues to move within the framework of the downward Woolf wave model with the potential target of working below level 1.28. At the moment, we should expect a test of the level of 1.3050, and further continue the decline in the pair’s quotes below the level of 1.2950.
GBP/USD technical analysis & forecast on July 26, 2017
In favor of the fall of the pair GBP/USD is the resistance line test on the indicator of relative strength index (RSI). The abolition of the decline option will be a breakdown at 1.31, indicating that the pair will continue to grow.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting: GDP volume change, Mortgage lending volume from VBA.
GBP/USD technical analysis & forecast on July 26, 2017 suggests an attempt to lower to the area below the level of 1.2950 within the rebound from the trend line on the relative strength indicator, the breakdown will be a breakdown at 1.31 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
