Currency pair Pound Dollar GBP/USD continues to move within the limits of the decline. At this point, we should expect an attempt to test the support level near the area of 1.3550, where again we should expect a rebound and continued growth of the British Pound against the US Dollar. The target of GBP/USD pair growth is the area above the level of 1.3900, within the framework of the development of the bullish «Shark» model.
GBP/USD forecast & technical analysis May 4, 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). Cancellation 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 1.3500, 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 4, 2018 suggests an attempt to test the support area near the 1.3550 level and continue growth with a target above 1.3900, an additional signal in favor of the growth of the British Pound will test the support area on the indicator of relative strength index (RSI).
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