The currency pair British Pound to US Dollar GBP/USD continues to move within the limits of the decline. At the moment, we should expect a test of the upper border of the channel and the continuation of the decline in the area below the level of 1.28.
GBP/USD forecast & analysis Pound Dollar on August 18, 2017
In favor of the fall of the Pound/Dollar pair on Forex will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the pair’s decline option will result in a strong growth and breakdown at the level of 1.2970, which will indicate the continuation of the bullish correction for the pair.
Important news from the UK is not expected, so the pair will continue to move in the technical analysis GBP/USD.
GBP/USD forecast & analysis Pound Dollar on August 18, 2017 suggests a correction attempt to the upper boundary of the channel near the level of 1.2925, where it is expected to continue falling of the pair with a target below the level of 1.2800.
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