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Forex. Forecast GBP / USD on July 18, 2017

18 july 2017 - Fx4News
Forex. Forecast GBP / USD on July 18, 2017

Today pound against the American GBP / USD corrected by highs and is trading around the level of 1.30. Briton strengthened against the backdrop of positive news for Brexit: The British government sent a written statement to parliament that acknowledges the existence of mutual obligations between the UK and the EU. 

RSI is in overbought territory and moves to decrease, indicating that the termination of the growth of the pound. MACD, on the contrary, shows growth. 


Forecast GBP / USD 18.07.2017: If today the pair GBP / USD is trying to escape to the level of 1.30, we are waiting to fall to the lower boundary of the rising channel. Basically the same scenario pound represented the pair GBP / USD to achieved maximum subsequently adjusted downward. 

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