Currency pair Pound Dollar GBP/USD continues to move in the bearish channel. At this point, we should expect an attempt to test the resistance area near the level of 1.3300, where again we should expect a rebound and the continuation of the fall of the British Pound against the US Dollar. The aim of the fall of the GBP/USD pair is the area below the level of 1.3010.
GBP/USD forecast & technical analysis June 27, 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). 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 1.3390, indicating that the pair will continue to rise above 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 27, 2018 suggests a test of the resistance area near the level of 1.3300 and the continuation of the fall with a target below the level of 1.3010, an additional signal in favor of the British Pound fall 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
