Currency pair Pound Dollar GBP/USD continues to move within the flat movement. At this point, we should expect an attempt to continue falling the pair in the area below the level of 1.30. Where again we should expect a rebound and continued growth of the pair in the area above the level of 1.33 within the framework of the beginning of the development of the bullish «Wolfe Wave».
GBP/USD prediction & technical analysis on November 14, 2017
In favor of the growth of the pair on Forex will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth variant of the Pound/Dollar will be a drop and a breakdown at the level of 1.2860, which will indicate the cancellation of the model and the continuation of the fall of the pair below the level of 1.25.
GBP/USD prediction & technical analysis on November 14, 2017 suggests an attempt to continue the fall with a target below 1.30, from which it is expected to rebound and the pair rise above 1.33, 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), canceling the growth of the pair will be a breakdown at the level of 1.2860.
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