Technical Analysis of GBP/USD 2018/04/06

The GBP/USD currency pair continues its corrective decline. At the moment, the price broke through the MA100 and found support for the MA200 at 1.3975. You can expect the Pound to continue falling against the Dollar in order to decrease below 1.39.

In favor of the fall of the pair is the test of the trend line on the indicator RSI. Abolishing the option of reducing the British currency will be a strong growth and breakdown of the resistance area with the closure of quotes above the level of 1.41, which indicates 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: Speech by the head of the Bank of England.

GBPUSD_STPH4

 

Created by Joshua Hayn

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