Currency pair Pound Dollar GBP/USD continues to move within the correction. At this point, we should expect an attempt to test the lower limit of the «Triangle» model near the level of 1.3980, where again we should expect a rebound and the continued growth of the Pound/Dollar. The growth target for the GBP/USD pair is the area above the level of 1.4450.
GBP/USD forecast & technical analysis February 27, 2018
In favor of the growth of the pair on FOREX will breakdown the line of the downtrend 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 the level of 1.4140.
GBP/USD forecast & technical analysis February 27, 2018 suggests an attempt to test the lower bound of the «Triangle» model near the 1.3980 area and the continuation of growth with a target above 1.4450, an additional signal in favor of the growth of the British Pound will test the trend line on the relative strength index (RSI), cancellation will be the fall and breakdown of the area of 1.3800.
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