Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3408. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the level of 1.3500 and continue falling quotations in the region at the level of 1.2820.
GBP/USD weekly forecast on on December 11 — 15, 2017
In favor of the decline of the British Pound is the test of the resistance area on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». Expect to accelerate the fall of the pair GBP/USD stands with the breakdown of the bottom of the rising channel and the closing below the level of 1.2950. The cancellation of the fall of the pair will result in a strong growth and breakdown of the 1.3650 area, which will indicate the continued growth of the pair.
GBP/USD weekly forecast on on December 11 — 15, 2017 suggests a test of the level of 1.3500, where we can expect to continue the decline of the pair as part of the start of the development of the «Head and Shoulders» reversal model, in favor of the drop, the resistance area test will be performed on the relative strength index (RSI), acceleration of the fall of the pair is with the breakdown of the level of 1.2950, the abolition of the fall of the pair will break through the area of 1.3650.
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