Currency pair Pound Dollar GBP/USD continues to move in the fall. At the moment, we should expect an attempt to grow and test the upper border of the channel near the area of 1.4000, where again we should expect a rebound and the continuation of the fall of the Pound against the US Dollar. The target of the fall of the GBP/USD pair is the area below the level of 1.3780.
GBP/USD forecast & technical analysis April 25, 2018
In favor of the fall of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown of the resistance area with the closing of quotations above the level of 1.4030, which will indicate a continued fall in growth. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3915.
GBP/USD forecast & technical analysis April 25, 2018 suggests a test of the resistance area near the level of 1.4000 and the continuation of the fall with a target below the level of 1.3915, an additional signal in favor of the fall of the British Pound will test the resistance line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
