Currency pair Pound Dollar GBP/USD completes trading week near area 1.3343. The pair continues to move within the bullish channel. At this point we should expect growth in the area above the level of 1.3450, further continuation of the fall of quotations in the support area near the level of 1.3040.
GBP/USD forecast on November 27 — December 1, 2017
In favor of the decline of the British Pound, a resistance line test will be performed 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 bullish channel and the closing below the level of 1.2950. The abolition of the fall of the pair will be strong growth and breakdown of the area 1.3650.
GBP/USD forecast on November 27 — December 1, 2017 involves an attempt to test the level of 1.3450, from where it is expected to continue the decline of the pair within the start of the development of the reversal model «Head and Shoulders», in favor of the fall will test the trend line on the indicator of relative strength index (RSI), expect to accelerate the fall of the pair is with the breakdown of the level of 1.2950.
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