GBP/USD Technical Analysis 03-05-18

GBP/USD currency pair continues to move within the descending channel on the 1D timeframe. At the moment, one should expect an attempt to test the support area near the level of 1.36 and continue the quotes growth in the area above 1.4340.

Cancellation of the pair growth will be a fall and a breakdown of the level of 1.3250, which indicates the breakdown of the lower boundary of the channel and the continuation of the fall into the area below 1.30.

Among the important news from the UK that can influence the rate of GBP, it is worth highlighting: the PMI index for the services sector, the change in the volume of industrial production.


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