GBP / USD forecast Pound Dollar July 9, 2020

Important news from the UK that may affect the GBP / USD pair is not expected, so the pair will continue to move as part of a technical analysis.

GBP / USD forecast Pound Dollar July 9, 2020 implies an attempt to test the support area near the level of 1.2435. Then, continued growth with the target above 1.2765. An additional signal in favor of the rise of the British Pound will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 1.2345 area. This will indicate a continued decline in the pair with a potential target below the level of 1.2065.