Technical Analysis of GBP/USD 07/06/2018
GBP/USD currency pair continues the upward correction within the downward channel. At this point one should expect a test of the resistance area near the level of 1.3288, from where one expects a rebound and continuation of GBP falling below 1.3050.
In favor of the fall of the pair will be a resistance line test on the RSI indicator. The cancellation of the pair fall will be a strong growth and a breakdown of the resistance area with the closing of quotes above the level of 1.3315, what indicates the breakdown of the upper boundary of the channel.
Created by Joshua Hayn