Currency pair Pound Dollar GBP/USD continues to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 1.3980, where again we should expect a rebound and the continuation of the fall of the British Pound against the US Dollar. The fall target of the GBP/USD pair will be below 1.3770.
GBP/USD forecast & technical analysis April 27, 2018
In favor of the fall of the pair on Forex will test the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown of the resistance area with the closing of quotations above the level of 1.4060, 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 closing below the level of 1.3850.
GBP/USD forecast & technical analysis April 27, 2018 suggests a test of the resistance area near the level of 1.3980 and the continuation of the fall with a target below the level of 1.3770, 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).