Currency pair Pound/Dollar GBP/USD continues to move in line with the decline. At the time of publication of the forecast, the pound to dollar rate is 1.3030. At the moment, we should expect an attempt to fall and test the support area near the level of 1.2940. Where again we should expect a rebound and continued growth of the pound against the dollar. The target of the upward movement of the currency pair, in the framework of the Forex forecast for February 21, 2019, is the area at the level of 1.3285.
GBP/USD Forecast Pound Dollar February 21, 2019
In favor of raising the pair will make a test of the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the bearish channel. Cancellation of growth options for the pair Pound/Dollar will fall with the closing of quotes below 1.2775. This will indicate a breakdown of the support area and the continuation of the fall of the Pound/Dollar pair to the area below 1.2665. Expect acceleration of the pair growth with the breakdown of the resistance area and closing above the level of 1.3070.
GBP/USD Forecast Pound Dollar February 21, 2019 implies an attempt to test the support area near the level of 1.2940. Then continued growth with the target above level 1.3285. 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 of growth options will fall and the breakdown of 1.2775. This will indicate a continued decline in the pair with a potential target below 1.2665.
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