Currency pair Pound Dollar GBP/USD continues to test the support area near the level of 1.32. It is necessary to expect the pair Pound/Dollar to rise above the level of 1.33. In the vicinity of 1.33, we again expect a further decline with a potential target at 1.2880.
GBP/USD prediction & technical analysis on October 24, 2017
In favor of reducing the pair on Forex, a trend line test will be performed on the indicator of relative strength index (RSI). The reversal of the pair’s fall will be a strong growth and breakdown of the resistance level with a close above 1.3360, indicating that the pair continues to grow above 1.35. Expect to accelerate the fall of the pair GBP/USD is at the breakdown of the level of 1.3080.
GBP/USD prediction & technical analysis on October 24, 2017 assumes a test of the 1.33 level, from which it is expected to continue falling, an additional signal will be a resistance line test on the relative strength index (RSI), the abolition of the decline option will be a breakdown at 1.3360 level.