Currency pair Pound Dollar GBP/USD continues to move within the rising channel. At the moment, we should expect an attempt to test the lower border of the channel near the level of 1.3390 and continue the growth of the pair in the area above the level of 1.3640.
GBP/USD forecast & technical analysis on December 6, 2017
In favor of the growth of the pair on Forex is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth variant of the Pound/Dollar will be a drop and a breakdown at the level of 1.3290, which will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the pair below the level of 1.3050. To expect the acceleration of growth is with the breakdown of the level of 1.3530.
GBP/USD forecast & technical analysis on December 6, 2017 suggests an attempt to test the lower border of the channel and continue growth with the target at 1.3630, an additional signal in favor of the growth of the British Pound will perform a test of the support line on the indicator of relative strength index (RSI), of the level of 1.3290.
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