Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3208. The pair continues to move within the flat movement. At this point, we expect growth in the area above 1.35 level and the continuation of the fall of quotations in the area below the level of 1.2350.
GBP/USD weekly forecast on November 13 — 17, 2017
In favor of the decline of the British Pound, the «Head and Shoulders» reversal pattern will be formed on the price chart, as well as a resistance line test on the relative strength indicator (RSI). Expect to accelerate the fall of the GBP/USD pair with a breakdown of the level of 1.2950. The abolition of the fall of the pair will be strong growth and breakdown of the area 1.3650.
GBP/USD weekly forecast on November 13 — 17, 2017 involves a test of the 1.35 level, from which it is expected to continue the decline of the pair within the beginning of the development of the reversal model «Head and shoulders», in favor of the fall will perform a trend line test on the indicator of relative strength index (RSI), acceleration of the fall of the pair is worth a breakdown of the level of 1.2950.