Currency pair Pound Dollar GBP/USD continues to move within the framework of strong growth. At this point, we should expect an attempt to test the support level near the area of 1.4050, where again we should expect a rebound and continued growth of the Pound against the US Dollar. The growth target for the GBP/USD pair is the area above the level of 1.4250.
GBP/USD forecast & technical analysis March 23, 2018
In favor of the growth of the pair on Forex will test the trend line on the indicator of relative strength. Cancellation of the growth variant of Pound/Dollar will be the fall and breakdown of the support area with the closing of quotes below the level of 1.4020, 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 1.4220.
GBP/USD forecast & technical analysis March 23, 2018 suggests an attempt to test the support area near the 1.4050 level and continue to rise above 1.4250, 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).
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