Technical analysis of GBP/USD 10/12/2018

GBP/USD currency pair continues to move within the ascending channel on 4H timeframe.  At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3300.

In favor of the pair growth will be the test of the trend line on the RSI indicator.

Cancellation of the pair growth will be a strong fall and a breakdown of the support area near the level of 1.3100, what indicates a breakdown of the lower boundary of the channel.

GBPUSD_STPH4

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