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 1.3205, 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 20, 2018
In favor of the fall of the pair on Forex will perform a test of the broken trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound/Dollar pair will be a strong growth and breakdown of the lower limit of the «Triangle» model with the closing of quotes above the level of 1.3300, which indicates that the pair will continue to grow above 1.3400. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3100.
GBP/USD forecast & technical analysis June 20, 2018 suggests a test of the resistance area near the level of 1.3205 and the continuation of the fall with a target below 1.2950, an additional signal for the fall of the British Pound will test the resistance line on the indicator of relative strength index (RSI).
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