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 1.2969. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.3045, from which we should again expect a rebound and a continued decline of the British Pound against the US Dollar. The target of the fall of the currency pair GBP/USD, in the framework of the GBP/USD forecast Pound Dollar October 5, 2018, is the area at 1.2735.
GBP/USD forecast Pound Dollar October 5, 2018
In favor of reducing the pair at Forex, a test of the trend line on the relative strength index (RSI), as well as a rebound from the resistance level, will come out. 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 1.3090, which will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair to the area above the level of 1.3270. Expect confirmation of a decline in the pair is with the breakdown of the support area and closing below 1.2895.
GBP/USD forecast Pound Dollar October 5, 2018 suggests an attempt to test the resistance area near 1.3045 and continue to fall with a target below 1.2735, an additional signal in favor of reducing the British Pound will be a trend line test on the relative strength index (RSI), canceling the fall option strong growth and breakdown of the 1.3090 area, which will indicate continued growth of the pair.
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