Technical analysis of GBP/USD 10/05/2018

The GBP/USD currency pair continues to move within the descending channel on the 4H time frame. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.3100 (MA 100), from which we should again expect a rebound and a continued decline to the area below the level of 1.2920.
In favor of reducing the pair will make a test trend line on the RSI indicator. Cancellation of the fall option will be a strong growth and the breakdown of the resistance area with the closing of quotes above the level of 1.3120, which will indicate a breakdown of the upper boundary of the channel and continued growth of the pair

GBPUSD_STPH4

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