Currency pair Pound Dollar GBP/USD continues to move in the downward channel. At the moment, you should expect a test level of 1.3220. Where can we expect the continuation of the fall of the Pound/Dollar below the level of 1.3020. 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 October 31, 2017
Cancellation of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown at the level of 1.3330, which will indicate the outflow of quotes beyond the descending channel and the continuation of the pair’s growth above the level of 1.35. Expect to accelerate the fall of the pair pound dollar is worth a breakdown of the level of 1.2950.
Important news from the UK, which may have an impact on the rate of the GBP/USD pair, is not expected, so the pair will continue to move in the technical analysis.
GBP/USD prediction & technical analysis on October 31, 2017 assumes a test of the level of 1.3220 and the continuation of the fall below the level of 1.3020, the cancellation of the fall variant of the pair will be a breakdown at the level of 1.3330, an additional signal in favor of the decline is the trend line test on the relative strength indicator (RSI).
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