Currency pair Pound Dollar GBP/USD continues to move within the limits of the decline. At the moment, we should expect an attempt to test the level of 1.3370 and continue the fall of the pair in the area below the level of 1.3180. In favor of the fall of the pair on Forex is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
GBP/USD forecast Pound Dollar on December 26, 2017
The abolition of the variant of the Pound Dollar decline will be a strong growth and breakdown at the level of 1.3420, which will indicate the outflow of quotes outside the «Triangle» model and the continuation of the pair’s growth above the level of 1.3580. Expect to accelerate the fall is with the breakdown of the lower boundary of the model «Triangle» and closing below 1.3290.
GBP/USD forecast Pound Dollar on December 26, 2017 assumes an attempt to test the level of 1.3370 and continue falling of the pair with a target at 1.3180, an additional signal in favor of the decline of the British Pound is the formation of a reversal model on the indicator of relative strength index (RSI).
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