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 1.3140, 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 1.2915.
GBP/USD forecast & technical analysis June 29, 2018
In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI). The 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 1.3240, which will indicate the continued growth of the pair in the area above the level of 1.3320. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3050.
GBP/USD forecast & technical analysis June 29, 2018 suggests a test of the resistance area near the level of 1.3140 and the continuation of the fall with a target below 1.2915, 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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