Technical analysis of GBP/USD 07/23/2018

The currency pair GBP/USD continues to move within the downward trend. At this point, we should expect an attempt to test the resistance area near the level of 1.32 and continue the fall of quotes into the area below the level of 1.2950.

In favor of the decline of the British Pound will perform a trend line test on the indicator RSI. The cancellation of the fall of the GBP/USD pair will result in a strong growth and breakdown of the 1.35 area, which will indicate the breakdown of the resistance area and the continuation of growth.

GBPUSD_STPDaily

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 4.9/5 (52 votes cast)
4.9 out of 5 based on 52 ratings

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>