Currency pair Pound Dollar GBP/USD continues to move within the framework of a bullish correction. At this point, we should expect a test of the support level near the area of 1.3620, where again we should expect a rebound and continued growth of the Pound against the Dollar. The target of the GBP/USD pair growth is the area above the level of 1.3900, within the development of the bullish model of the «Shark».
GBP/USD forecast & technical analysis May 3, 2018
In favor of the growth of the pair on Forex will perform a test of the support area on the indicator of relative strength index (RSI). The abolition of the growth variant of the Pound/Dollar pair will be the fall and breakdown of the support area with the closing of quotes below the level of 1.3520, indicating that the pair will continue to decline. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 1.3700.
GBP/USD forecast & technical analysis May 3, 2018 estimated test of support area attempt to near the level of 1.3520 and continued growth with a target above the level 1.3900, an additional signal in favor of the growth of the British Pound will perform support field test on the indicator of relative strength index (RSI), the abolition of the growth scenario will be drop and breakdown of the area 1.3520.
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