Currency pair Pound Dollar GBP/USD continues to move within the framework of the «Triangle» model. At this point, we should expect an attempt to test the level of 1.3195 and continue the fall of the pair in the area below the level of 1.30. In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI).
GBP/USD prediction & technical analysis on November 17, 2017
Cancellation of the variant of the fall of the Pound/Dollar will be a strong growth and breakdown at 1.3250 level, which will indicate the cancellation of the fall and the continuation of the pair’s growth above the level of 1.3350. Expect to accelerate the decline is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 1.3050.
GBP/USD prediction & technical analysis on November 17, 2017 involves trying to test the upper limit of the model and continuing the fall with a target below the level of 1.30 as part of the start of the «Triangle» model, an additional signal in favor of the British Pound fall will be a resistance line test on the relative force, canceling the option of reducing the pair will breakdown at 1.3250 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
