Currency pair Pound Dollar GBP/USD continues to move within the limits of the decline. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 1.4040, where again we should expect a rebound and the continuation of the fall of the Pound against the Dollar. The target of reducing the GBP/USD pair is the area below the level of 1.3855.
GBP/USD forecast & technical analysis April 6, 2018
In favor of the fall of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). The abolition of the variant of the Pound/Dollar decline will be a strong growth and breakdown of the resistance area with the closing of quotes above the level of 1.4115, which will indicate the continued growth of the pair. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3945.
GBP/USD forecast & technical analysis April 6, 2018 suggests an attempt to test the upper border of the channel near the level of 1.4040 and the continuation of the fall with a target below the level of 1.3855, an additional signal in favor of the fall of the British Pound will test the trend line on the indicator of relative strength index (RSI).
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