Currency pair Pound/Dollar GBP/USD continues to move within the framework of the fall and downward channel. At the time of publication of the forecast, the pound course to the US dollar for Forex is 1.3348. The moving averages indicate the presence of short-term bearish trends. Prices went down from the area between signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the falling tool. At the moment, it is worth an attempt to adjust the price of the British pound rate against the American dollar and the test area of the resistance near the level 1.3425. From where it is necessary to expect a rebound and continue the lifting quotes of the British pound currency pair against the US dollar. The goal of reducing the pair, within the forex forecast for November 24, 2021, is the area at 1.3085.
GBP/USD Forecast Pound Dollar November 24, 2021
An additional signal in favor of reducing the currency pair will perform a resistance line test on the relative force indicator (RSI). The second signal in favor of the fall will be a rebound from the upper boundary of the downstream channel. The abolition of the fall of the fall of the pound of the dollar will become strong growth and breakdown of the resistance area with consolidation of the price above level 1.3485. This will indicate a breakdown of the resistance area and continue the growth of the pound of the dollar to the area at 1.3655. Expect to confirm the fall pair stands with a breakdown of the support area and closing the price under the level of 1.3275, which will indicate on the bottom curtain breakdown.
GBP/USD Forecast Pound Dollar November 24, 2021 implies an attempt to test the resistance area near the level 1.3425. Then, the continuation of growth with the target level 1.3085. An additional signal in favor of reducing the British pound will be the test of the resistance line on the relative force indicator. The abolition of the fall option will be strong growth and breakdown area 1.3485. This will indicate a continuation of a pair of lifting with a potential goal above 1.3655.
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