Currency pair Pound Dollar GBP/USD continues to move within the framework of the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 1.3280 and continue the fall of the pair into the area below the level of 1.3080.
GBP/USD prediction & technical analysis on November 21, 2017
In favor of the fall of the pair on Forex will perform a test of the resistance area on the indicator of relative strength index (RSI). The abolition of the fall of the Pound/Dollar will be a strong growth and breakdown at 1.3350, which will indicate the cancellation of the fall and the continuation of the pair’s growth above the level of 1.3550. Expect to accelerate the decline is with the breakdown of the lower boundary of the channel and closing below the level of 1.3000.
GBP/USD prediction & technical analysis on November 21, 2017 involves an attempt to test the upper limit of the bearish channel and continue falling with a target at 1.3070, an additional signal in favor of the fall of the British Pound will test the resistance area on the indicator of relative strength index (RSI), breakdown at the level of 1.3350.
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