Currency pair Pound Dollar GBP/USD completes trading week near area 1.4079. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the support area near the level of 1.3850 and continue the growth of quotations in the area above the level of 1.4650.
GBP/USD weekly forecast April 9 — 13, 2018
In favor of the growth of the British Pound will perform a trend line test on the indicator of relative strength index (RSI). The cancellation of the pair growth option will result in a fall and breakdown of the 1.3550 area, which will indicate the breakdown of the lower boundary of the channel and the continuation of the fall into the area below the level of 1.3200. Confirmation of growth will break through the resistance area and the closure above the level of 1.4150.
GBP/USD weekly forecast April 9 — 13, 2018 suggests an attempt to test the bottom of the bullish channel near the level of 1.3850, where we can expect the pair to continue growing above the 1.4650 area, an additional signal in favor of growth will be a trend line test on the relative strength index (RSI), the cancellation of the growth variant of the Pound/Dollar pair will be a breakdown at 1.3550 level.