Currency pair Pound Dollar GBP/USD continues to move within the bullish movement. At the moment, the pair is testing the area of formation of the right shoulder of the «Head and Shoulders» reversal pattern. It is worth waiting for the test level 1.3230 and the beginning of the fall of quotations of the pair with the first target near the area of 1.3050.
GBP/USD forecast Pound Dollar on September 12, 2017
In favor of reducing the pair Pound/Dollar on Forex is the test of the resistance area on the indicator of relative strength index (RSI). The abolition of the pair’s decline will be strong growth and breakdown at 1.3290, which will indicate the continuation of the upward movement in the pair.
Among the important news from the UK, which may have an impact on the rate of the GBP/USD pair, it is worth highlighting: the Consumer Price Index.
GBP/USD forecast Pound Dollar on September 12, 2017 suggests an attempt to lower to the 1.3050 area, an additional signal is the resistance test on the relative strength indicator (RSI), the abolition of the Pound decline option against the US Dollar will break through the area of 1.3290.
