Currency pair Pound Dollar GBP/USD continues to move within the limits of growth. At this point, we should expect an attempt to test the resistance area near the level of 1.3950, where again we should expect a rebound and continued growth of the Pound against the US Dollar.
GBP/USD forecast & technical analysis February 20, 2018
The target of the GBP/USD pair growth will be the area above the level of 1.4450. In favor of the growth of the pair on FOREX will test the trend line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Pound/Dollar will be the fall and breakdown of the lower border of the channel and the closing below the area of 1.3800, which indicates the continuation of the fall of the pair below the level of 1.3540. Expect to confirm the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and closing above 1.4160.
GBP/USD forecast & technical analysis February 20, 2018 involves a try of a support level test near the 1.3950 area and a continuation of growth with a target above 1.4450, an additional signal in favor of the growth of the British Pound is the trend test on the relative strength index (RSI).
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