The currency pair British Pound to US Dollar GBP/USD continues to move within the limits of the decline. At this point, we should expect a rebound from the level of support and continuing growth in the area above the level of 1.2935.
GBP/USD forecast & analysis Pound Dollar on August 25, 2017
Whence again it is necessary to expect falling of quotations the Pound/Dollar below level 1.2750. 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 fall of the pair will result in a strong growth and breakdown at 1.30, which will indicate the continuation of the upward movement in 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 25, 2017 suggests an attempt to continue growth in the area above the level of 1.2935, where we expect the pair to rebound and fall below 1.2750, an additional signal will test the trend line on the indicator of relative strength index (RSI).
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