Currency pair Pound Dollar GBP/USD continues to move in the downward channel. At this point, we should expect an attempt to test the level of 1.3360 and continue the fall of the pair in the area below the level of 1.3185. In favor of the fall of the pair on FOREX will test the resistance line on the indicator of relative strength index (RSI).
GBP/USD forecast & technical analysis on December 20, 2017
The abolition of the variant of the Pound/Dollar decline will be a strong growth and breakdown at the level of 1.3470, which will indicate the output of the bands outside the channel and the continuation of the pair’s growth above the level of 1.3580. To expect the acceleration of the fall is with the breakdown of the support level and closing below 1.3310.
GBP/USD forecast & technical analysis on December 20, 2017 assumes a test of the level of 1.3360 and the continuation of the fall of the pair with a target at 1.3185, an additional signal in favor of the decline of the British Pound will be a downtrend test on the relative strength index (RSI).
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