Currency pair Pound/Dollar GBP/USD continues to move through strong growth. At the time of the publication of the forecast, the pound to the US dollar is 1.3076. At the moment, we should expect an attempt to correct and test the support area near the level of 1.3005, from which we can again expect a rebound and continued growth of the Pound against the Dollar. The aim of the growth of the currency pair GBP/USD, in the GBP/USD forecast Pound Dollar November 7, 2018, is the area at 1.3270.
GBP/USD forecast Pound Dollar November 7, 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 1.2950, which will indicate breakdown of the channel boundary and the continuation of the fall of the pair to the area below 1.2730. Expect to accelerate the growth of the pair stands with the breakdown of the resistance area and closing above the level of 1.3125.
GBP/USD forecast Pound Dollar November 7, 2018 implies an attempt to test the support area near the level of 1.3005 and continued growth with the target above the level of 1.3270. An additional signal in favor of the growth of the British Pound will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 1.2950 area, which will indicate a continued decline in the pair.