Currency pair British Pound to US Dollar GBP/USD closes the trading week near the 1.30 area. It is worth waiting for an attempt to continue the decline in quotations of the pound/dollar in the area below the level of 1.26.
GBP/USD weekly forecast on July 24 — 28, 2017
In favor of falling quotations of the pair is the formation of the bearish wave model of Wolfe at small time intervals. In the vicinity of 1.26, we again expect a rebound and growth of the Pound/Dollar pair to an area above 1.33.
In favor of growth, there will be a tight test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown at 1.25, indicating that the pair will continue to decline.
Among the important news from England on the following trading week, which can have an impact on the GBP/USD rate is worth highlighting:
July 26, 2017, Change in GDP.
GBP/USD weekly forecast on July 24 — 28, 2017 suggests an attempt to test the lower border of the channel at 1.26, from which it is expected to continue the growth of the pound/dollar pair above the level of 1.33, an additional signal will test the support line on the indicator of relative strength index (RSI).
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