The currency pair British Pound to US Dollar GBP/USD continues to move in the fall. At this point, we should expect a rebound and the continued growth of quotations of the Pound against the US Dollar in the area above the level of 1.3010.
GBP/USD forecast & analysis Pound Dollar on August 31, 2017
Where again we can expect a rebound and a fall in the pair’s quotes with a potential target near the level of 1.2870, as part of the start-up of the bearish wave model of Wolfe. In favor of the growth of the Pound/Dollar pair on Forex is the test of the rising trend line on the indicator of relative strength index (RSI). The abolition of the pair’s decline will be a strong growth and a breakdown at 1.3080, which will indicate the continuation of the bullish movement along with the potential target near the 1.3150 area.
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 31, 2017 suggests a test of the level of 1.3010, from which it is expected to decrease the pair with a potential target near the area of 1.2870, an additional signal in favor of the pair’s growth is the support line test on the relative strength indicator index (RSI).
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