Currency pair Pound Dollar GBP/USD continues to move within the upward momentum. At the moment there is a potential for a fall in the area of 1.3170. Where to expect the formation of the reversal pattern of the Head and shoulders and the continuation of the pair’s decline.
GBP/USD forecast Pound Dollar on September 13, 2017
In favor of the fall of the Pound Dollar pair on Forex, a breakdown of the upward trend line will appear on the indicator of relative strength. The abolition of the pair’s decline will be strong growth and breakdown at 1.3290 level, 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, is the following: Change in the number of applications for unemployment benefits.
GBP/USD forecast Pound Dollar on September 13, 2017 suggests an attempt to fall in the area of 1.3170, where we can expect the beginning of formation of topping model, an additional signal to the fall of the sample perform a support line on the indicator of relative strength index (RSI).