Currency pair British Pound to US Dollar GBP/USD completes the trading week near the area of 1.2728. It is worth waiting for an attempt to reduce the quotations of the Pound/Dollar to the area below the border of the rising channel at the level of 1.2450.
GBP/USD weekly forecast on June 26 — 30, 2017
Where again we should expect a rebound and an attempt to increase the price of GBP/USD. In favor of the fall, a dense test of the bearish trend line will appear on the indicator of relative strength index (RSI). Canceling the option of reducing the pair’s quotations for the current trading week will be a breakdown of the area of 1.28, which will indicate the continued growth in the quotations of the Pound/Dollar.
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 30, 2017, Current account balance of the balance of payments.
GBP/USD weekly forecast on June 26 — 30, 2017 suggests an attempt to test the lower border of the rising channel at 1.2450, from which it is expected to rebound and increase the pair’s quotations in the area above 1.31, in favor of the fall will come a tight test of the resistance line on the indicator relative strength index (RSI).
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