Currency pair Pound/Dollar GBP/USD continues to move within the limits of growth. At the time of publication of the forecast, the rate of the Pound to the US dollar is 1.3022. At this point, we should expect an attempt to test the bottom of the rising channel near the level of 1.2900, where again we should expect a rebound and continued growth of the Pound against the Dollar. The target of the growth of the currency pair GBP/USD, within the framework of the Forex forecast, is the area above the level of 1.3170.
GBP/USD forecast & technical analysis August 31, 2018
In favor of the growth of the pair on Forex will test the upward trend line on the indicator of relative strength index (RSI). Cancellation of the variant of raising the Pound/Dollar pair will be a decrease and breakdown of the support area with the closing of quotes below the level of 1.2870, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the pair into the area below the level of 1.2760. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 1.3050.
GBP/USD forecast & technical analysis August 31, 2018 assumes an attempt to test the support area near the level of 1.2900 and the continuation of the growth with a target above 1.3170, an additional signal in favor of the growth of the British Pound will test the support line on the indicator of relative strength index (RSI).
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