Currency pair GBP/USD is trading at 1.3112. Quotes of the pair are traded below the moving average with a period of 55, indicating a bearish trend for the pair Pound/Dollar. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 1.3310 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 1.2720.
GBP/USD weekly forecast on July 2 — 6, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 1.3500. The abolition of the continuation of the fall of the pair Pound/Dollar will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the 1.3670 area, indicating a change in the bullish trend for GBP/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
