Currency pair Pound Dollar GBP/USD continues to move in the fall. At this point, we should expect a test of resistance level near the area of 1.3790, where again we should expect a rebound and the continuation of the fall of the Pound against the Dollar. The purpose of the fall of the GBP / USD pair will be the area below the level of 1.3470.
GBP/USD forecast & technical analysis May 2, 2018
In favor of the fall of the pair on Forex, a downtrend test on the relative strength index (RSI) will perform, as well as a test of the upper boundary of the bearish channel. The abolition of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown of the resistance area with the closing of quotations above the level of 1.3850, 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 1.3620.
GBP/USD forecast & technical analysis May 2, 2018 suggests a test of the resistance area near the 1.3790 level and the continuation of the fall with a target below the level of 1.3470, an additional signal in favor of the fall of the British Pound will test the trend line on the indicator of relative strength, strong growth and breakdown of the region 1.3850.
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