Currency pair Pound Dollar GBP/USD continues to move in the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 1.3360, 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 pair GBP/USD is the area below the level of 1.3050.
GBP/USD forecast & technical analysis June 26, 2018
In favor of the fall of the pair on Forex will test the bearish 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 resistance area with the closing of quotes above the level of 1.3450, which will indicate the continued growth of the pair in the area above the level of 1.3520. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3190.
GBP/USD forecast & technical analysis June 26, 2018 suggests an attempt to test the resistance area near the level of 1.3360 and the continuation of the fall with a target below the level of 1.3050, an additional signal in favor of the fall of the British Pound will test the resistance line on the indicator of relative strength index (RSI).
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