Currency pair Pound Dollar GBP/USD continues to move within the bearish channel. At this point, we should expect an attempt to continue falling the pair in the area below the level of 1.30. In favor of reducing the pair on Forex will test the resistance line on the indicator of relative strength index (RSI).
GBP/USD prediction & technical analysis on November 10, 2017
Cancellation of the variant of the fall of the Pound Dollar will be a strong growth and breakdown at the level of 1.3340, which will indicate the cancellation of the model and the continued growth of the pair above the level of 1.35. Near level 1.30, we again expect a rebound and an increase in the pair’s quotations to an area above 1.33 as part of the start-up of the bullish «Wolfe Wave».
GBP/USD prediction & technical analysis on November 10, 2017 suggests an attempt to continue falling with a target below 1.30, an additional signal in favor of the decline of the British Pound will test the trend line on the indicator of relative strength index (RSI), the abolition of the fall of the pair will breakdown at 1.3340, which indicates to resume the upward trend for GBP/USD.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
