Currency pair Pound Dollar GBP/USD completes trading week near area 1.3050. The pair continues to move within the ascending channel. At the moment, quotes are testing the area of the lower border of the channel and there is a potential for continuing the growth of the pair in the area above the level of 1.3550.
GBP/USD weekly forecast on October 9 — 13, 2017
In favor of the growth of the British Pound is the test of the support line on the indicator of relative strength index (RSI). Canceling the GBP/USD growth option on Forex will break through the area of 1.2850, which will indicate the breakdown of the lower border of the channel and the continued decline of the pair. Expect to accelerate the growth of the GBP/USD pair is at the level breakdown of 1.3150.
Among the important news from the UK, which may have an impact on the Pound/Dollar rate is worth highlighting: The change in the volume of industrial production.
GBP/USD weekly forecast on October 9 — 13, 2017 suggests an attempt to rebound from the lower border of the channel and continue the pair’s growth to 1.3550 area, in favor of the pair’s growth is the test of the support line on the indicator of relative strength index (RSI).
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