Technical analysis of GBP/USD 2018/03/18
The GBP/USD currency pair continues its downward movement. At this point, after the rebound from the resistance 1.3915 (100 MA), we expect to continue the fall of the pound against the dollar with a target in the level of 1.37.
In favor of the fall of the pair is the resistance line test on the RSI indicator. Abolishing the variant of the fall of the British currency will be a strong growth and breakdown of the upper boundary of the descending channel above the area of 1.3970 (200 MA), which will indicate the continued growth of the pair.
Among the important news from the UK, which may have an impact on the rate of the GBP/USD pair, is the following: Annual budget.
Created by Joshua Hayn