Currency pair Pound Dollar GBP/USD continues to move within the correction. At the moment, we should expect a test of the level of 1.3420 and continuation of the fall of the pair in the area below the level of 1.3180. In favor of the fall of the pair on Forex will test the bearish trend line on the indicator of relative strength index (RSI).
GBP/USD forecast Pound Dollar on December 28, 2017
Cancellation of the variant of the Pound/Dollar decline will be a strong growth and breakdown at the level of 1.3450, which will indicate the output of quotations 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 28, 2017 suggests an attempt to test the upper limit of the «Triangle» model near the level of 1.3420 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 resistance line test on the relative strength index (RSI), the cancellation of the fall of the pair will be a breakdown at 1.3450 level.
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