Currency pair Pound Dollar GBP/USD continues to move within the limits of the decline. At this point, we should expect a rebound from the support level in the 1.3240 area and continue falling into the area below the level of 1.2825. In favor of reducing the pair on Forex will test the resistance line on the indicator of relative strength index (RSI).
GBP/USD prediction & technical analysis on November 7, 2017
Cancellation of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown at the level of 1.3340, which will indicate the cancellation of the model and the continued growth of the pair above the level of 1.35. Expect to accelerate the fall of the pair Pound/Dollar is with the breakdown of the level of 1.3020.
GBP/USD prediction & technical analysis on November 7, 2017 involves an attempt to test the upper border of the channel, from which it is expected to continue falling below the level of 1.2825, an additional signal in favor of the decline is the trend line test on the relative strength indicator (RSI), 1.3340.
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