Currency pair Pound Dollar GBP/USD continues to move in the fall. At this point, we should expect an attempt to test the lower border of the channel near the area of 1.3920, where again we should expect a rebound and continued growth of the Pound against the US Dollar. The purpose of the fall in GBP/USD growth is the area above the level of 1.4150.
GBP/USD forecast & technical analysis April 26, 2018
In favor of the growth of the pair on Forex will make the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the growth variant of Pound/Dollar will be the fall and breakdown of the support area with the closing of quotes below the level of 1.3850, which will indicate the continuation of the fall of the pair. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 1.3995.
GBP/USD forecast & technical analysis April 26, 2018 suggests a test of the support area near the 1.3920 level and continued growth with a target above 1.4150, an additional signal in favor of the growth of the British Pound will be the formation of a reversal model on the indicator of relative strength index (RSI).
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