Currency pair Pound/Dollar GBP/USD continues to move in line with the decline. At the time of publication of the forecast, the British Pound to the US Dollar is 1.2610. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.2710. Where again we should expect a rebound and the continuation of the decline of the pound against the dollar. The target of the downward movement of the currency pair, in the framework of the FOREX forecast for December 12, 2018, is the area at the level of 1.2385.
GBP/USD forecast Pound Dollar December 12, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the fall of the pair on Forex. As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce the pair Pound Dollar will be a strong increase with the closing of quotations above 1.2790. This will indicate a breakdown of the resistance level and the continued growth of the pair in the area above the level of 1.3050. A wait for confirmation of a decline in the pair is with the breakdown of the support area and closing below 1.2450.
GBP/USD forecast Pound Dollar December 12, 2018 implies an attempt to test the support area near the level of 1.2710. Then continued growth with the goal above 1.2385. An additional signal in favor of the growth of the British Pound will be a test of the trend line on the relative strength index (RSI). Cancellation option lifting will decrease and the breakdown of the area 1.2790. This will indicate a continuation of the fall of the pair.
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