Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3409. The pair continues to move within the ascending channel. At this point, we should expect an attempt to test the level of 1.3520 and continue falling quotations in the region at the level of 1.2620.
GBP/USD weekly forecast on December 18 — 22, 2017
In favor of the decline of the British Pound will test 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 December 18 — 22, 2017 suggests a test of the level of 1.3520, from which it is expected to continue the decline of the pair within the beginning of the development of the reversal model «Head and Shoulders», in favor of the drop will perform a test of the resistance area on the indicator of 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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