Currency pair Pound Dollar GBP/USD closes the trading week near the 1.3550 area. The pair continues to move within the bullish channel. At the moment, quotes are testing the resistance area and there is a potential for the fall of the pair. It is worth waiting for an attempt to rebound and reduce the Pound against the US dollar in the region of the lower border of the channel near the level of 1.31.
GBP/USD weekly forecast on September 25 — 29, 2017
In favor of the drop is the resistance area test on the relative strength indicator (RSI). Canceling the option of reducing the GBP/USD pair on Forex will break through the area of 1.3750, which indicates the breakdown of the upper border of the channel and the continued growth of the pair.
Among the important news from the UK, which may have an impact on the Pound Dollar rate is worth highlighting: Balance of the current account of the balance of payments.
GBP/USD weekly forecast on September 25 — 29, 2017 involves a rebound attempt from the upper boundary of the channel and the continuation of the decline in the 1.31 area, from which one should expect a rebound and a pair pound/dollar growth.
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