Technical Analysis of GBP/USD 2018/04/03
The currency pair GBP/USD continues the downward movement within the correction. At this point, we should expect an attempt to test the upper boundary of the descending channel near the 1.4080 area. Then we will again expect a rebound and continue falling to the area of 1.3950 from the level of 1.3950
A resistance line test will be performed on the RSI indicator in favor of the pair fall. Abolishing the option of reducing the British currency will be strong growth and breakdown of the resistance region above the level of 1.4100, which will indicate the continued growth of the pair.
Among the important news from the UK, which may affect the rate of the GBP/USD pair, it is worth highlighting: the PMI index for the manufacturing sector.
Created by Joshua Hayn