Currency pair Pound/Dollar GBP/USD completes the trading week near the area of 1.13040. The pair continues to push off from the upper border of the channel. It is expected to continue falling to the area below the level of 1.24.
GBP/USD weekly forecast on August 7 — 11, 2017
In favor of falling quotes of the pound-dollar pair is the formation of the «Wedge» model at small time intervals. The cancellation of the fall of the GBP/USD pair is the breach of the 1.3350 area, which will indicate the continued growth of the pair.
Among the important news from England on the following trading week, which can have an impact on the GBP/USD rate is worth highlighting: The change in the volume of industrial production.
GBP/USD weekly forecast on August 7 — 11, 2017 suggests an attempt to fall to the area of the lower border of the rising channel at the level of 1.24, the break-through will be the breakdown of the area of 1.3350, which will indicate the continued growth of the pound/dollar pair.
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