Currency pair Pound Dollar GBP/USD continues to move within the framework of the development of the bullish model «5-0» with a target at 1.3550. At the moment, the pair is testing the support area. It is expected to rebound and the pair Pound/Dollar rise above 1.3570.
GBP/USD prediction & technical analysis on October 17, 2017
In favor of the growth of the pair on Forex is the test of the trend line on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a drop and a breakdown at 1.3180, indicating that the pair will continue to decline below 1.2920. Expect to accelerate the growth of the GBP/USD pair with a breakdown of the level of 1.3350.
Among the important news from the UK, which may have an impact on the rate of the GBP/USD pair, it is worth highlighting: the Consumer Price Index.
GBP/USD prediction & technical analysis on October 17, 2017 involves a rebound attempt from the support level for growth above 1.3550, an additional signal is a test of the support line on the indicator of relative strength index (RSI), the cancellation of the growth option will breakdown at the level of 1.2970.
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