Currency pair British Pound to US Dollar GBP/USD continues to move within the descending channel. It is worth waiting for an attempt to rebound and fall of the pair’s quotations in the area below the level of 1.27. In favor of the drop is the resistance line test on the indicator of relative strength index (RSI).
GBP/USD technical analysis & news on June 9, 2017
The cancellation of the GBP/USD pair decline will result in strong growth and breakdown of the 1.30 area. Expect to accelerate the fall of the pound dollar stands with the breakdown of the upward trend line on the indicator of relative strength index (RSI).
Among the important news from Britain that can influence the pound against the dollar, it is worth mentioning: The change in the volume of industrial production is expected to grow from -0.5% to 0.7%, which can support the British pound.
GBP/USD technical analysis & news on June 9, 2017 suggests a rebound attempt from the upper boundary of the bearish channel and the beginning of the fall into the area below the level of 1.27, the breakdown of the region 1.30 will be a break.
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