Currency pair pound dollar GBP USD continues to test the area of a local minimum. At the moment, as the main versions of events on the pair GBP USD in September 2016 the camp pound correction attempt against the dollar to above 1.35 level, followed by a fall to below 1.20.
GBP USD rate forecast for the British Pound on September 2016
Cancellation of such a scenario will be a strong growth of quotations GBP USD in the area above the level of 1.40, which indicates the return of pounds into the channel and point to a continuation of the upward movement in the area above the level of 1.50. At the time of correction to the level of 1.35 pounds of additional signal in favor of the continuation of falling of quotations GBP USD will test the descending resistance line on the indicator of relative strength.
GBP USD rate forecast for the British Pound on September 2016 requires an attempt to increase to 1.35 pounds and continuing fall in the descending pattern 5-0 with the potential to reduce quotes GBP USD to below 1.20.
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