Currency pair Pound Dollar GBP/USD closes the trading week near the area of 1.3590. The pair continues to move within the bullish momentum. At the moment, quotes have broken through the upper channel boundary area. It is worth waiting for the attempt of the test of the broken channel border near the level of 1.3350.
GBP/USD weekly forecast on September 18 — 22, 2017
Where should we expect the rebound and the pair’s growth above the level of 1.40. In favor of growth, a test of a broken trend line will appear on the indicator of relative strength index (RSI). Canceling the option of GBP/USD pair growth on Forex will break through the area of 1.3250, indicating that the pair will continue to decline.
Among the important news from the UK, which may have an impact on the Pound/Dollar rate is worth highlighting: The change in the volume of retail trade taking into account the cost of fuel.
GBP/USD weekly forecast on September 18 — 22, 2017 involves an attempt to test the broken channel border and continue the growth of the pound/dollar pair above the level of 1.40, the break-out will be the breakdown of the area of 1.3250.
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