Currency pair Pound Dollar GBP/USD continues to move within a bearish correction. At the moment, we should expect a test of the level of 1.3430 and continuation of the fall of the pair in the area below the level of 1.3120. In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI).
GBP/USD forecast & technical analysis on December 7, 2017
The abolition of the variant of the Pound/Dollar decline will be a strong growth and breakdown at the level of 1.3590, which will indicate that the pair continues to grow above the level of 1.3650. To expect the acceleration of the fall is with the breakdown of the support level and closings below 1.3300.
GBP/USD forecast & technical analysis on December 7, 2017 assumes a test of the level of 1.3430 and the continuation of the fall of the pair with a target at 1.3120, an additional signal in favor of the decline of the British Pound is the resistance line test on the relative strength indicator index (RSI).