Currency pair Pound/Dollar GBP/USD continues to move within the limits of the decline. At the time of publication of the forecast, the rate of the Pound to the US dollar is 1.3042. At the moment, we should expect an attempt to correct and test the resistance area near the level of 1.3105, where again we should expect a rebound and a continued decrease in the Pound versus the Dollar. The target of the fall of the currency pair GBP/USD, within the framework of the GBP/USD forecast Pound Dollar October 2, 2018, is the area at the level of 1.2820.
GBP/USD forecast Pound Dollar October 2, 2018
In favor of reducing the pair on Forex, a test of a broken trend line will appear on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound/Dollar pair will be a strong growth and breakdown of the resistance area with the closing of quotes above the level of 1.3160, which will indicate the breakdown of the channel boundary and the continued growth of the pair into the area above the level of 1.3280. To expect confirmation of the pair’s decline is with the breakdown of the support area and closing below the level of 1.2960.
GBP/USD forecast Pound Dollar October 2, 2018 suggests a test of the resistance area near the level of 1.3105 and the continuation of the fall with a target below 1.2820, an additional signal in favor of the decline of the British Pound is the trend line test on the relative strength index (RSI).
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