Currency pair Pound Dollar GBP/USD continues to move within the rising channel. At this point, we should expect a test of the lower border of the channel and the continuation of the pound’s growth into the region above the level of 1.3690.
GBP/USD forecast Pound Dollar on September 21, 2017
In favor of the growth of the Pound/Dollar pair on Forex is the test of the support line on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a drop and a breakdown at 1.3450, indicating that the pair will continue falling below the 1.3300 level. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.3620.
Important news from the UK, which may have an impact on the rate of the GBP/USD pair, is not expected so the pair will continue to move in the technical analysis.
GBP/USD forecast Pound Dollar on September 21, 2017 suggests an attempt to test the lower border of the channel and continue growth to the area above 1.3690, an additional signal in favor of the Pound rise against the US Dollar will be a trend line test on the relative strength indicator (RSI), 1.3450, which indicates that the quotes are out of the channel.
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