Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At the moment, we should expect an attempt at a resistance area near the level of 1.3310, where again we should expect a rebound and the continuation of the fall of the Pound against the Dollar. The target of the fall of the GBP/USD pair is the area below the level of 1.2930.
GBP/USD forecast & technical analysis June 21, 2018
In favor of the fall of the pair on Forex will test the downward trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound/Dollar pair will result in a strong growth and breakdown of the resistance area with the closing of quotes above the level of 1.3350, 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 21, 2018 suggests a test of the resistance area near the level of 1.3310 and the continuation of the fall with a target below 1.2930, 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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