Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3195. The pair continues to move within the bullish channel. At the moment, we should expect an attempt to complete the growth and start a decline in the region of the lower border of the channel near the area of 1.2550.
GBP/USD weekly forecast on September 11 — 15, 2017
In favor of the drop is the resistance area test on the relative strength indicator (RSI). An additional signal is the formation of the «Head and Shoulders» reversal model, and it is expected to accelerate the fall with a breakdown of the level of 1.2850. Canceling the option of reducing the GBP/USD pair on Forex will break through the area of 1.3350, which indicates the continued growth of the pair.
Among the important news from the UK that may have an impact on the Pound Dollar rate is the following: Consumer Price Index, Change in the number of applications for unemployment benefits, Decision on the Bank of England’s principal interest rate, Summary of Monetary Policy.
GBP/USD weekly forecast on September 11 — 15, 2017 involves an attempt to complete the growth and start a decline in the area of the lower border of the uplink near the level of 1.2550, the cancellation will stamp out the breakdown of the area of 1.3350.
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