Technical Analysis of GBP/USD 06/21/2018

GBP/USD currency pair continues to move within the downward trend on the 4H timeframe. At this point one should expect a rebound from the area of 1.31 and the quotes growth within the correction to the level of 1.33.

The cancellation of the pair’s corrective growth will be a breakdown of the downstream support area below the level of 1.3080, what indicates the continuation of the pair fall.

Among the important news from the UK, which may affect the rate of GBP/USD pair, it is worth highlighting: The decision on the principal interest rate of the Bank of England, The planned volume of asset purchases by the Bank of England, Summary of monetary policy.


Created by Joshua Hayn

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