Currency pair Pound Dollar GBP/USD continues to move within the limits of growth. At the moment, the pair is testing the area of 1.32. It is necessary to expect the breakdown of the upper boundary of the descending channel and the attempt to grow above the level of 1.3450.
GBP/USD prediction & technical analysis on October 12, 2017
In favor of the growth of the pair on Forex is the breakdown of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the pair’s growth option will be a drop and breakdown at the level of 1.2970, indicating that the pair will continue to decline below 1.2850. Expect the acceleration of the GBP/USD pair’s growth with a breakdown of the level of the upper border of the descending channel and closing above 1.3250.
GBP/USD prediction & technical analysis on October 12, 2017 suggests a rebound from the level of the lower border of the rising channel for growth above 1.3450, an additional signal in favor of the Pound’s rise against the US Dollar is the breakdown of the trend line on the indicator of relative strength index (RSI), breakdown at the level of 1.2970.
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