Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3371. The pair continues to move within the bearish channel. At this point, we should expect an attempt to test the level of 1.3450 and continue falling quotations in the region at the level of 1.2620.
GBP/USD weekly forecast on December 25 — 29, 2017
In favor of the decline of the British Pound is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). 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 25 — 29, 2017 suggests a test of the level of 1.3450, where we can expect to continue the decline of the pair within the beginning of the development of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI), to expect the acceleration of the fall of the pair is with the breakdown of the level of 1.2950, the cancellation of the fall variant of the pair will be the breakdown of the area of 1.3650.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
