The currency pair British Pound to US Dollar GBP/USD continues to move in the bearish channel. 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 1.2670.
GBP/USD forecast & analysis Pound Dollar on August 23, 2017
In favor of the fall of the Pound/Dollar pair on Forex is a rebound from the resistance level on the indicator of relative strength index (RSI). The abolition of the pair’s downgrade option will be a strong growth and a breakdown of the level of 1.29, which will indicate the outflow of quotes beyond the bearish channel.
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 23, 2017 suggests a rebound attempt from the channel’s upper boundary and the continuation of the decline with a potential target below the area of 1.2675.
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