Currency pair Pound/Dollar GBP/USD continues to move in line with the decline. At the time of the publication of the forecast, the pound/dollar rate is 1.2595. At the moment, we can expect an attempt to grow and test the resistance area near the level of 1.2730. Where again we should expect a rebound and the continuation of the decline of the pound against the dollar. The purpose of the downward movement of the currency pair, in the FOREX forecast for December 13, 2018, is the area at the level of 1.2285.
GBP/USD forecast Pound Dollar December 13, 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. Expect confirmation of a decline in the pair stands with the breakdown of the support area and closing below 1.2400.
GBP/USD forecast Pound Dollar December 13, 2018 implies an attempt to test the support area near the level of 1.2730. Then continued growth with the target above 1.2285. 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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