Currency pair British Pound to US Dollar GBP/USD completes the trading week near the area of 1.2765. It is worth waiting for an attempt to continue reducing the cat’s pair in the area below the border of the channel at the level of 1.2450.
GBP/USD weekly forecast June 19 — 23, 2017
Where again we should expect an attempt to rebound and continue the growth of the pair. In favor of the drop comes the test of the broken trend line on the indicator of relative strength index. Cancellation of the fall option will be a breakdown at the level of 1.29, indicating that the GBP/USD will continue to rise above 1.32.
Among the important news from England on the following trading week, which can have an impact on the GBP/USD rate is worth highlighting:
June 21, 2017, Net borrowing of the public sector.
GBP/USD weekly forecast June 19 — 23, 2017 suggests an attempt to lower the upward channel at the level of 1.2450 to the area of the lower border of the upward channel, the additional signal is a test of a broken trend line in an indicator of relative strength, the breakdown will be breakdown at level 1.29.
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