Currency pair Pound Dollar GBP/USD continues to move within a downward correction. At the moment, we should expect a test of the level of 1.3430 and continuation of the fall of the pair into the area below the level of 1.3170.
GBP/USD forecast & technical analysis on December 8, 2017
In favor of the fall of the pair on Forex will perform a test of the broken resistance line on the indicator of relative strength index (RSI). The abolition of the variant of the Pound/Dollar decline will be a strong growth and breakdown at the level of 1.3590, which will indicate that the pair continues to grow above the level of 1.3650. Expect to accelerate the fall is with the breakdown of the support level and closing below 1.3300.
GBP/USD forecast & technical analysis on December 8, 2017 assumes an attempt to test the level of 1.3430 and continue the fall of the pair with a target at 1.3170, an additional signal in favor of the decline of the British Pound will test the trend line on the indicator of relative strength index (RSI).