Currency pair Pound Dollar GBP/USD continues to move within the lateral trend. At the moment, we should expect a test level of 1.2540 and the continuation of the fall of the Pound Dollar pair into the area below the level of 1.3240.
GBP/USD prediction & technical analysis on September 26, 2017
In favor of the fall of the pair on Forex is the breakdown of the bullish trendline on the indicator of relative strength index (RSI). The reversal of the fall of the pair will be a strong growth and breakdown at 1.37, indicating that the pair continues to grow above 1.38. Expect the acceleration of the fall of the pair GBP/USD with a breakdown of the level of 1.3430.
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 September 26, 2017 involves an attempt to reduce the pair in the support area near the level of 1.3240, an additional signal in favor of the fall of the Pound against the US dollar is the breakdown of the trend line on the indicator of relative strength, the abolition of the decline option will be a breakdown at 1.37 level.
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