Currency pair Pound/Dollar GBP/USD continues to move in the framework of the correction and formation of the bear model ”Wolfe Wave”. At the time of publication of the forecast, the pound course to the US Dollar for Forex is 1.3888. Moving averages indicate the presence of a short-term bullish trend. Prices are again repelled from the area between the signal lines, which indicates pressure from the buyers of the currency pair and the potential continuation of the growth of the tool. At the moment, it is worth an attempt to increase the course of the British pound against the American dollar and the test area of resistance near the level of 1.4075. From where it is necessary to expect rebound and continue the fall in the quotations of the British pound currency pair against the US Dollar. The goal of the downward movement of the pair, within the framework of the forex forecast on April 28, 2021, is the area at 1.3655.
GBP/USD Forecast Pound Dollar April 28, 2021
An additional signal in favor of the fall of the currency pair will perform the resistance line test on the relative force indicator. The second signal in favor of growth will be a rebound from the upper limit of the descending model ”Wolfe Wave”. The abolition of the fall of the fall of the pound dollar will decline with the breakdown of the resistance area with the price consolidation above level 1.4245. This will indicate the resistance area and continue the growth of the pound of the dollar into the area above the level 1.4455. It is worthwing to confirm the fall of the pair stands with the breakdown of the area of support and the closure of prices under the level of 1.3725, which will indicate the support area.
GBP/USD Forecast Pound Dollar April 28, 2021 involves an attempt to test the resistance area near the level of 1.4075. Then, the continuation of the fall with the goal below 1.3655. An additional signal in favor of falling the British pound will be the test of the resistance line on the relative force indicator. Cancellation of the option will be strong growth and breakdown area 1.4245. This will indicate a continuation of a pair of lifting with a potential goal above 1.4455.
