Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3780. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the 1.3550 area and continue the growth of quotations to the area above the level of 1.4250.
GBP/USD weekly forecast on February 12 — 16, 2018
In favor of the growth of the British Pound will perform a test of the support line on the indicator of relative strength index (RSI), as well as a test of the level of support. Cancellation of the pair growth option will be a fall and breakdown of the area of 1.3350, which will indicate the breakdown of the lower boundary of the channel and the continuation of the fall into the area below the level of 1.2950.
GBP/USD weekly forecast on February 12 — 16, 2018 suggests an attempt to test the lower border of the channel near 1.3550, from where it is expected to continue the growth of the pair, an additional signal in favor of growth will perform a test of the support line on the indicator of relative strength index (RSI), the cancellation of the growth variant of the Pound/Dollar pair will break through the area of 1.3350.
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