Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At the moment, we should expect an attempt of a resistance area near the level of 1.3450, where again we should expect a rebound and the continuation of the fall of the Pound against the US Dollar. The target of the fall of the GBP/USD pair is the area below the level of 1.3005.
GBP/USD forecast & technical analysis June 8, 2018
In favor of the fall of the pair on Forex will test the resistance 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 upper boundary of the descending channel with the closing of quotes above the level of 1.3550, which will indicate the continued growth of the pair. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below the level of 1.3320.
GBP/USD forecast & technical analysis June 8, 2018 suggests test resistance area attempt near the level of 1.3450 and continued fall for the target below the level of 1.3005, an additional signal in favor of falling British Pound perform a test of resistance line on the display relative strength index (RSI).
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