The GBP/USD technical analysis and forecast for the week 4 July 2016 – 8 July 2016

gbp-l1The pound reducing is resumed in FOREX trading Friday. The main driver – the statement of Mark Carney, the Bank of England governor, that the country’s central bank may ease monetary policy against the backdrop of the UK exit from the EU.

The pound “Bulls” could not develop a correction, the pair GBP/USD aims to lows. The RSI on the daily chart is able to continue the downside movement to the support level that allows you to “bears” to update the lows. Forecast GBP/USD for the week 07/04/2016 – 08/07/2016 provides for the strengthening of the dollar to the lower boundary of the descending channel, which can be formed prices rebound.

 

 

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