Currency pair Pound/Dollar GBP/USD continues to move as part of a decline. At the time of the publication of the forecast, the pound to dollar rate is 1.2903. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.2975, from which we should again expect a rebound and the continuation of the decline of the Pound against the Dollar. The aim of the fall of the currency pair GBP/USD, in the GBP/USD forecast Pound Dollar October 26, 2018, is the area at the level of 1.2655.
GBP/USD forecast Pound Dollar October 26, 2018
A test of the trend line on the relative strength index (RSI), as well as a test of the upper limit of the downward channel, 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 1.3080, 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. It is necessary to wait for confirmation of a decline in the pair with the breakdown of the support area and closing below 1.2820.
GBP/USD forecast Pound Dollar October 26, 2018 suggests an attempt to test the resistance area near the level of 1.2975 and continue to fall with the target below the level of 1.2655. strong growth and breakdown of the 1.3080 area, which will indicate continued growth of the pair.
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