Technical Analysis of GBP/USD 2018/04/25

The GBP/USD continues to move in the downward channel. At this point, we expect the British currency will continue to fall into the 1.3830 area after the rebound from the upper limit of 1.3995, .
In favor of the fall of the pair is the breakdown of the trend line on the RSI indicator. Cancellation of the fall option will be a strong growth and breakdown of the resistance area with the closing of quotations above the level of 1.4050.

GBPUSD_STPH1

Created by Joshua Hayn

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