Currency pair Pound Dollar GBP/USD continues to move within the correction. At this point, we should expect an attempt to test the support level near the area of 1.3920, where again we should expect a rebound and continued growth of the Pound against the US Dollar. The goal of the GBP/USD pair growth is the area above the level of 1.4100.
GBP/USD forecast & technical analysis March 20, 2018
In favor of the growth of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth variant of Pound/Dollar will be the fall and breakdown of the support area with the closing below the area of 1.3820, which will indicate the continuation of the fall of the pair. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 1.4020.
GBP/USD forecast & technical analysis March 20, 2018 suggests a test of the support area near the 1.3920 level and continued growth with a target above 1.4100, an additional signal in favor of the growth of the British Pound will test the support line 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
