Currency pair Pound/Dollar GBP/USD continues to move through strong growth. At the time of the publication of the forecast, the pound to dollar rate is 1.2913. At the moment, we should expect an attempt to drop and test the support area near the level of 1.2810, from which we again expect a rebound and continued growth of the Pound against the Dollar. The target of the growth of the currency pair GBP/USD, in the GBP/USD forecast Pound Dollar November 2, 2018, is the area at the level of 1.3040.
GBP/USD forecast Pound Dollar November 2, 2018
A test of a broken trend line on the relative strength index (RSI) will be in favor of the pair’s growth at Forex. Cancellation of the growth option for the pair Pound/Dollar will be a fall and a breakdown of the support area with the closing of quotes below 1.2740, which will indicate the breakdown of the channel boundary and the continuation of the fall of the pair to the area below the level of 1.2610. The pair is expected to accelerate growth with the breakdown of the upper boundary of the channel and closing above the level of 1.3075.
GBP/USD forecast Pound Dollar November 2, 2018 suggests an attempt to test the support area near 1.2810 and continue to grow with a target above 1.3040, an additional signal in favor of the British Pound growth will be a test of the trend line on the relative strength index (RSI), decline and breakdown of the area of 1.2740, which indicates a continuation of the fall of the pair.