Currency pair Pound/Dollar GBP/USD continues to move as part of a decline. At the time of the publication of the forecast, the pound to dollar rate is 1.2890. At the moment, we should expect an attempt to correct and test the resistance area near the level of 1.2945. Where again we should expect a rebound and the continuation of the fall of the pound against the dollar. The aim of reducing the GBP/USD currency pair, in the framework of the GBP/USD forecast Pound Dollar November 13, 2018, will be the area at 1.2670.
GBP/USD forecast Pound Dollar November 13, 2018
In favor of reducing the pair at Forex, a test of the downward trend line on the indicator of relative strength index (RSI) will perform. Cancellation of the option to reduce the pair Pound/Dollar will be a strong growth and the breakdown of the upper boundary of the channel with the closing of quotes above the level of 1.2990. This will indicate a breakdown of the resistance area and continued growth of the pair to the area above the level of 1.3155. Expect confirmation of the fall of the pair is with the breakdown of the support area and closing below 1.2800.
Among the important news from the UK, which may have an impact on the GBP/USD pair, is the change in the number of applications for unemployment benefits.
GBP/USD forecast Pound Dollar November 13, 2018 involves an attempt to test the resistance area near the level of 1.2945. Further, the continuation of the decline with the goal below 1.2670. An additional signal in favor of the fall of the British Pound will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 1.2990, which will indicate continued growth of the pair.
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