Currency pair Pound/Dollar GBP/USD continues to move within the rising channel. At the time of publication of the forecast, the rate of the Pound to the US dollar is 1.3087. At this point, we should expect an attempt to test the support area near the level of 1.2935, where again we should expect a rebound and continued growth of the British Pound against the US Dollar. The purpose of the growth of the currency pair GBP/USD, within the framework of the GBP/USD forecast Pound Dollar September 18, 2018, is the area above the level of 1.3180.
GBP/USD forecast Pound Dollar September 18, 2018
In favor of the growth of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). The abolition of the growth variant of the Pound/Dollar pair will be the fall and breakdown of the support area with the closing of quotes below the level of 1.2850, which will indicate the breakdown of the lower border of the channel and the continuation of the pair’s decline into the area below the level of 1.2780. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 1.3205.
GBP/USD forecast Pound Dollar September 18, 2018 suggests a test of the support area near the level of 1.2935 and the continuation of growth with a target above 1.3180, an additional signal in favor of the growth of the British Pound will test the trend line on the indicator of relative strength index (RSI), drop and breakdown of the area of 1.2850, which indicates the exit beyond the channel and the continuation of the fall of the pair.
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