Currency pair Pound Dollar GBP/USD continues to move within the limits of growth. At this point, we should expect an attempt to test the lower boundary of the bullish channel near the area of 1.4000, where again we should expect a rebound and the continued growth of the Pound against the US Dollar. The growth target for the GBP/USD pair is the area above the 1.4350 level.
GBP/USD forecast & technical analysis April 11, 2018
In favor of the fall of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). The abolition of the variant of the Pound/Dollar decline will be a strong growth and breakdown of the resistance area with the closing of quotations above the level of 1.4250, which will indicate the continued growth of the pair. To expect confirmation of the fall of the pair is with the breakdown of the support area and the closing below the level of 1.4100.
GBP/USD forecast & technical analysis April 11, 2018 suggests an attempt to test the bottom of the uplink near the level of 1.4000 and the continuation of growth with a target above 1.4350, an additional signal in favor of the fall of the British Pound will test the trend line on the indicator of relative strength index (RSI).