Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the beginning of the «Triangle» model. At the time of the publication of the forecast, the pound to dollar rate is 1.2984. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.2985, from which we should again expect a rebound and the continuation of the decline of the Pound against the Dollar. The target of the fall of the currency pair GBP/USD, in the framework of the GBP/USD forecast Pound Dollar October 25, 2018, is the area at the level of 1.2655.
GBP/USD forecast Pound Dollar October 25, 2018
A test of the trend line on the relative strength index (RSI), as well as a test of the lower boundary of the «Triangle» model, will be in favor of reducing the pair at Forex. Cancellation of the option of falling the Pound/Dollar pair will be a strong growth and the breakdown of the resistance area with the closing of quotes above the level of 1.3085, which will indicate a breakdown of the resistance level and the continued growth of the pair to the area above the level of 1.3215. Expect confirmation of a decline in the pair is with the breakdown of the support area and closing below 1.2850.
GBP/USD forecast Pound Dollar October 25, 2018 suggests an attempt to test the resistance area near the level of 1.2985 and continue to fall with the target below the level of 1.2655. strong growth and breakdown of the 1.3085 area, which will indicate continued growth of the pair.
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