Currency pair Pound/Dollar GBP/USD continues to move within the descending channel and formation of the «Triangle» model. At the time of publication of the forecast, the rate of the British Pound to the US Dollar is 1.2951. At this point, we should expect an attempt to test the resistance area near the level of 1.2995, where again we should expect a rebound and the continuation of the fall of the British Pound against the US Dollar. The target of reducing the GBP/USD currency pair, within the framework of the GBP/USD forecast Pound Dollar September 11, 2018, is the area below the level of 1.2570.
GBP/USD forecast Pound Dollar September 11, 2018
In favor of the fall of the pair on Forex will test the upward trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound Dollar pair will result in a strong growth and breakdown of the resistance area with the closing of quotes above the level of 1.3065, which will indicate the breakdown of the upper boundary of the model and the continued growth of the pair in the area above the level of 1.3250. To expect confirmation of the fall of the pair is with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 1.2785.
GBP/USD forecast Pound Dollar September 11, 2018 suggests a test of the resistance area near the level of 1.2995 and the continuation of the fall with a target below 1.2570, an additional signal in favor of the decline of the British Pound will test the resistance line on the indicator of relative strength index (RSI).
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