Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At this point, we should expect an attempt at a resistance area near the level of 1.3320, 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 1.3100.
GBP/USD forecast & technical analysis June 19, 2018
In favor of the fall of the pair on Forex will perform a test of the resistance area 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 boundary of the bearish channel with the closing of quotes above the level of 1.3370, indicating that the pair will continue to rise above 1.3480. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3200.
GBP/USD forecast & technical analysis June 19, 2018 suggests a test of the resistance area near the level of 1.3320 and the continuation of the fall with a target below the level of 1.3100, an additional signal in favor of the fall of the British Pound will test the resistance area on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
