GBP/USD forecast Pound Dollar on June 11, 2019

Currency pair GBP/USD is trading at 1.2686. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Pound/Dollar. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bands.

GBP/USD forecast Pound Dollar on June 11, 2019

As part of the forecast of the pair Pound/Dollar is expected to test the level of 1.2660. Where can we expect to try to continue the growth of the GBP/USD pair and the further development of the upward trend. The purpose of this movement is the area near the level of 1.2830. The conservative buying area for the GBP/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.2650.

GBP/USD forecast Pound Dollar on June 11, 2019

Cancellation of the option to continue the growth of the pair Pound/Dollar will be the breakdown of the lower border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 1.2610 area. This will indicate a change in the current trend in favor of the bearish for GBP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

GBP/USD forecast Pound Dollar on June 11, 2019 implies a test level of 1.2660. Further, growth is expected to continue to the area above the level of 1.2830. The conservative buying area is located is near the area of ​​1.2650. Cancellation of the growth of the pair GBP/USD will make the breakdown level of 1.2610. In this case, we should expect the continuation of the fall.


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