Currency pair Pound Dollar GBP/USD continues to move within the limits of growth. 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 14, 2017
In favor of the fall of the Pound/Dollar pair on Forex will break the support line on the indicator of relative strength index (RSI). The cancellation of the pair’s decline will be a strong growth and breakdown at 1.3370, which will indicate the continuation of the upward movement in the pair.
Among the important news from the UK, which may affect the rate of the GBP/USD pair, it is worth highlighting: The decision on the principal interest rate of the Bank of England, The planned volume of asset purchases by the Bank of England, Summary of monetary policy.
GBP/USD forecast Pound Dollar on September 14, 2017 suggests an attempt to fall into the 1.3170 area, where it is expected to begin the formation of the reversal pattern and continue the decline of the pair with a potential target near the level of 1.2980, an additional signal in favor of the fall will break the support line on the indicator of the relative strength index (RSI).
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