GBP/USD weekly forecast on November 20 — 24, 2017


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Currency pair Pound Dollar GBP/USD completes trading week near area 1.3197. The pair continues to move within the flat trend. At this point, we should expect the breakdown of the «Triangle» model and growth in the area above 1.35, followed by a continued fall in quotations below the level of 1.2615.

GBP/USD weekly forecast on November 20 — 24, 2017

In favor of the decline of the British Pound, a resistance line test will be performed on the indicator of relative strength index (RSI). Expect to accelerate the fall of the pair GBP/USD is with the breakdown of the bottom of the bullish channel. The cancellation of the fall of the pair will be strong growth and breakdown of the area 1.3650.

GBP/USD weekly forecast on November 20 — 24, 2017

GBP/USD weekly forecast on November 20 — 24, 2017 involves a test of the level 1.35, where we can expect to continue the decline of the pair within the beginning of the development of the reversal pattern «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.

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