Technical analysis of GBP/USD 2018/03/20
The currency pair GBP/USD continues corrective movement within the rising channel. At the moment, we should expect a test of the support level near the area of 1.3930, where again we should expect a rebound and the continued growth of the British currency with a target above 1.4080.
In favor of the growth of the pair will perform a trend line test on the RSI indicator. The cancellation of the fall variant will be the breakdown of the support area with the closure below the area of 1.3850, which indicates the continuation of the pair fall.
Among the news that may affect the rate of the pair, it is worth highlighting: the Consumer Price Index.
Created by Joshua Hayn