Currency pair Pound Dollar GBP/USD continues to move within the limits of growth. At the moment, the pair is testing the area of the lower boundary of the uplink. It is worth expecting a rebound and an attempt to grow the pair above the level of 1.3450. In favor of the growth of the pair on Forex is the breakdown of the downward trend line on the indicator of relative strength index (RSI).
GBP/USD prediction & technical analysis on October 10, 2017
The cancellation of the pair’s growth option will result in a drop and breakdown at the level of 1.2970, indicating that the pair will continue to fall below 1.2950. Expect the acceleration of the GBP/USD pair’s growth with a breakdown of the level of the upper border of the bearish channel and closing above 1.3250.
Among the important news from the UK, which may affect the rate of the GBP/USD pair, it is worth highlighting: The change in the volume of industrial production.
GBP/USD prediction & technical analysis on October 10, 2017 suggests a rebound from the level of the bottom border of the rising channel for the target of growth above 1.34, an additional signal in favor of the growth of the Pound against the US Dollar is the breakdown of the trend line on the indicator of relative strength index (RSI), the level of 1.2970.