The currency pair GBP/USD continues to move within the Wolfe model. The target of the fall is the area below the level of 1.28. It is worth waiting for a correction attempt in the area above the level of 1.3070 and continuing the decline in the Pound/Dollar pair.
GBP/USD technical analysis & forecast on July 27, 2017
The abolition of the fall option will be a breakdown of the level of 1.32, which indicates the continued growth of the pair. Expect to accelerate the decline is with the breakdown of the level of 1.2930.
Important news from England is not expected, so the pair will continue to move in the technical analysis GBP/USD.
GBP/USD technical analysis & forecast on July 27, 2017 suggests an attempt to continue the pair’s decline as part of the Wolfe wave model with a potential drop target below the 1.28 area.
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