Currency pair Pound Dollar GBP/USD continues to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the level of 1.4050, where again we should expect a rebound and continued growth of the Pound against the US Dollar.
GBP/USD forecast & technical analysis January 30, 2018
The target of growth is the area above the level of 1.4550. In favor of the growth of the pair on Forex is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth variant of the Pound/Dollar will be a drop and breakdown at 1.40, which will indicate the outflow of quotes outside the channel and the continuation of the fall of the pair below the level of 1.3850.
GBP/USD forecast & technical analysis January 30, 2018 involves an attempt to test the lower border of the channel near 1.4050 and the continuation of growth with a target above 1.4550, an additional signal in favor of the growth of the British Pound will test the support line on the relative strength index (RSI).
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