Currency pair British Pound to US Dollar GBP/USD completes the trading week near the area of 1.2880. The pair continues to move within the bullish channel. At this point, we should expect a rebound from the support level and an attempt to increase the quotes of the pound dollar to an area above the level of 1.3250.
GBP USD weekly forecast on August 28 — September 1, 2017
In favor of growth is the test of the support line on the indicator of relative strength index. The cancellation of the GBP/USD growth option on Forex will be triggered by the breakdown of the area of 1.2650, which will indicate the continuation of the pair’s fall into the lower boundary of the bullish channel.
Among the important news from the UK that can have an impact on the Pound/Dollar rate is worth highlighting: the PMI index for the manufacturing sector.
GBP USD weekly forecast on August 28 — September 1, 2017 suggests an attempt to increase the pair in the area above the level of 1.3250 within the rebound from the support level, the pair’s growth will be canceled and the breakdown at 1.2650 level.
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