Technical Analysis of GBP/USD 2018-03-26

GBP/USD currency pair continues to move within the upward channel at 1 D timeframe. At this point, we should expect an attempt to test the resistance area near the level of 1.4330 with the further drop of quotes into the 1.37 level area.

In favor of the British currency fall will be the trend line test on the indicator RSI.  A strong growth and breakdown of the 1.48 area will be the cancellation of the pair fall variant This level will indicate the price outflow from the previous ascending channel at 1 Dayli timeframe.

Among the important news from the UK, which can influence the rate of the Pound Dollar, it is worth highlighting: Balance of the current account of the balance of payments.

GBPUSD_STPDaily

Created by Joshua Hayn

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