Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At the moment, we should expect an attempt of a resistance area near the level of 1.3420, where again we should expect a rebound and the continuation of the fall of the British Pound against the US Dollar. The fall target of the GBP/USD pair is the area below the level of 1.2950.
GBP/USD forecast & technical analysis June 15, 2018
In favor of the fall of the pair on Forex will break through the support line on the indicator of relative strength index (RSI). The cancellation of the fall variant of the Pound/Dollar pair will result in a strong growth and breakdown of the upper limit of the descending channel with the closing of quotations above the level of 1.3500, which indicates that the pair will continue to rise above 1.3650. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3250.
GBP/USD forecast & technical analysis June 15, 2018 suggests a test of the resistance area near the level of 1.3420 and the continuation of the fall with a target below 1.2950, an additional signal in favor of the fall of the British Pound will break the support line on the indicator of relative strength index (RSI).
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