Technical analysis of GBP/USD 12/07/2018

GBP/USD currency pair continues to move within the decline. At this point one should expect an attempt to decrease and test the support area near the level of 1.2660. From where one should expect a rebound and the continuation of the growth to the level of 1.2920 again.

In favor of the pair growth will be a test trend line on the RSI. Cancellation of the growth of the pair will be a fall below 1.2600. This will indicate a breakdown of the support level and the continuation of the fall of the pair.


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