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GBP/USD Forecast (July 6 - July 11)

Weekly chart analysis
According to the weekly chart, the top at 1.5933 level has been confirmed for the next few weeks. There is a high probability that this pair to fall below 1.55. So, GBP/USD will be in downtrend for the next weeks.

GBPUSDweekly.png page 001 1 1Daily chart analysis

According to MACD on the daily chart, this pair is in downtrend until at least 50% Fibo level. Even if GBP/USD rises for short term, in medium term can go around 1.5268.

GBPUSDdaily page 001 1 1

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