Currency pair British Pound to US Dollar GBP/USD continues to be traded within the framework of the forex model of a bullish wave Wolfe. It is worth waiting for an attempt to test the lower boundary of the model at 1.2640, where again we should expect a rebound and the growth of quotations of the Pound/Dollar to the area above the level of 1.2750.
GBP/USD technical analysis & signals on June 21, 2017
In favor of growth of quotations of the pair, a test of the support line on the indicator of relative strength will perform. The cancellation of the GBP/USD growth option will be the breakdown of the 1.26 area, which will indicate that the pair’s quotes 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 net volume of public sector borrowing.
GBP/USD technical analysis & signals on June 21, 2017 suggests an attempt to test the area of 1.2640, from which it is expected to rebound and attempt to rise to an area above the level of 1.2750, the cancellation will be a breakdown of the local minimum area.
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