Technical analysis of GBP/USD 08/20/2018

The currency pair GBP/USD continues to move within the downward trend. At this point, we should expect a test of the resistance area near the level of 1.2960 and the quotes falling continuation in the area below the level of 1.2580.
In favor of the British Pound declinewill perform a trend line test on the indicator RSI. The cancellation of the GBP/USD pair fall will result in a strong growth and breakdown of the 1.3050 area, which will indicate the breakdown of the upper border of the channel and the continued growth of the British currency.

GBPUSD_STPDaily

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