Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3969. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the support area near the level of 1.3750 and continue the growth of quotations to the area above the level of 1.4550.
GBP/USD weekly forecast on March 19 — 23, 2018
In favor of the growth of the British Pound, a trend line test will be performed on the relative strength index (RSI), as well as a test of the lower boundary of the bullish channel. The cancellation of the pair growth variant will be the fall and breakdown of the 1.3450 area, 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 March 19 — 23, 2018 assumes a test of the support area near the 1.3750 level, from which it is expected to continue the pair growth with the target above the 1.4550 area, an additional signal in favor of growth will be a support line test on the relative strength index (RSI), the cancellation of the growth variant of the Pound/Dollar pair will break through the area of 1.3450.
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