Currency pair Pound Dollar GBP/USD continues to move within the framework of the formation of the bullish model «5-0». At the moment, the pair is testing the lower boundary of the uplink. It is expected to rebound and the pair Pound/Dollar rise above the level of 1.3450.
GBP/USD prediction & technical analysis on October 16, 2017
In favor of the growth of the pair on Forex is the breakdown of the bearish trendline 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 to accelerate the growth of the pair GBP/USD is with the breakdown of the level of 1.3240.
GBP/USD prediction & technical analysis on October 16, 2017 suggests a rebound from the level of the lower border of the bullish channel for the target of growth above 1.3450, the cancellation of the growth option will be breakdown at the level of 1.2970, with the breakdown of 1.3240 area it is expected to accelerate the pair’s growth.
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