Currency pair Pound Dollar GBP/USD completes trading week near area 1.3221. The pair continues to move in a bearish trend. At this point, we should expect an attempt to continue growth and test the resistance area near the level of 1.3350. Further, the continuation of the decline in the quotes of the Pound/Dollar in the area below the level of 1.2750.
GBP/USD weekly forecast & analysis September 24 — 28, 2018
In favor of the fall of the British Pound will perform a test of the resistance area on the indicator of relative strength index (RSI). The cancellation of the GBP/USD fall in the current trading week on September 24 — 28, 2018 will result in a strong growth and breakdown of the 1.3500 area, which will indicate the breakdown of the upper border of the channel and the continuation of growth to the area above the level of 1.3750. A confirmation of the GBP/USD decline will be the breakdown of the support area and the closing below the level of 1.3050.
GBP/USD weekly forecast & analysis September 24 — 28, 2018 suggests a test of the resistance level near the area of 1.3350, from where it is expected to continue falling of the pair for the purpose below the area of 1.2750, an additional signal in favor of the drop will be a trend line test on the relative strength index (RSI), the abolition of the fall of the pair Pound/Dollar will be a strong growth and breakdown at 1.3500, in which case it is expected to continue the growth of the pair
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