The currency pair British Pound to US Dollar GBP/USD continues to move within the framework of an bullish correction. At this point, we should expect a rebound from the level of resistance and the continued decline in quotations of the Pound against the US Dollar in the area below the level of 1.2850.
GBP/USD forecast & analysis Pound Dollar on August 30, 2017
In favor of the fall of the Pound/Dollar pair on Forex is the breakdown of the upward trend line on the indicator of relative strength index (RSI). The reversal of the fall of the pair will be a strong growth and a breakdown at level 1.30, which will indicate the continuation of the upward movement along the pair with the potential target near the area of 1.3150. Expect the acceleration of the fall in quotes GBP/USD is with a breakdown of the level of 1.2910.
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 30, 2017 suggests an attempt to fall below 1.2850, an additional signal is a breakdown of the bullish trend support on the relative strength indicator index (RSI), the cancellation of the Pound’s fall will be strong growth and breakdown at 1.30, in this case, the growth target there will be an area of 1.3150.
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