Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.4103. The pair continues to move within the bullish channel. At this point, we should expect a test of the resistance area near the level of 1.4250 and continuation of the fall of quotations in the area below the level of 1.3670.
GBP/USD weekly forecast on March 26 — 30, 2018
In favor of the fall of the British Pound, a trend line test will be performed on the relative strength index (RSI). The cancellation of the fall of the pair will result in a strong growth and breakdown of the area of 1.4450, which will indicate a breakdown of resistance and continuation of growth in the area above the level of 1.4750. Confirmation of the fall will breakdown the lower boundary of the bullish channel and the closure below the level of 1.3550.
GBP/USD weekly forecast on March 26 — 30, 2018 suggests an attempt to test the resistance area near the level of 1.4250, from which it is expected to continue the fall of the pair with a target below the area of 1.3670, an additional signal in favor of the fall will test the resistance line on the relative strength index (RSI), the abolition of the option of reducing the pair Pound/Dollar will break through the level of 1.4750.