Currency pair Pound/Dollar GBP/USD continues to move within the bullish channel. At the time of publication of the forecast, the rate of the British Pound to the US Dollar is 1.3040. At this point, we should expect an attempt to test the resistance area near the level of 1.3090, 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 currency pair GBP/USD, within the framework of the GBP/USD forecast Pound Dollar September 14, 2018, is the area below the level of 1.2900.
GBP/USD forecast Pound Dollar September 14, 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), as well as the formation of the «Head and Shoulders» model on the chart of the indicator. 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 quotations above the level of 1.3155, which will indicate the breakdown of the upper border of the channel and the continuation of the pair’s growth into the area above the level of 1.3250. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.2985.
Among the important news from the UK, which may affect the rate of the GBP/USD pair, it is worth highlighting: Speech by the head of the Bank of England.
GBP/USD forecast Pound Dollar September 14, 2018 suggests a test of the resistance area near the level of 1.3090 and the continuation of the fall with a target below 1.2900, 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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