GBP/USD forecast Pound Dollar on August 19, 2019

Currency pair GBP/USD is trading at 1.2145. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Pound/Dollar. At the moment, the quotes of the pair are moving near the upper border of the Bollinger Bands indicator stripes.

GBP/USD forecast Pound Dollar on August 19, 2019

As part of the forecast, the Pound/Dollar pair is expected to test the level of 1.2090. Where can we expect an attempt to continue the growth of the GBP/USD pair and the further development of the upward trend. The purpose of this movement is the area near the level of 1.2310. The conservative buying area for the GBP/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.2020.

GBP/USD forecast Pound Dollar on August 19, 2019

Cancellation of the option to continue the growth of the Pound/Dollar pair will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​1.1980. This will indicate a change in the current trend in favor of the bearish for GBP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, growth should be expected.

GBP/USD forecast Pound Dollar on August 19, 2019 implies a test level of 1.2090. Further, growth is expected to continue to the area above the level of 1.2310. The conservative buying area is located is near the area of ​​1.2020. Cancellation of the growth of the pair GBP/USD will make the breakdown level of 1.1980. In this case, we should expect the continuation of the fall.


Best Forex Brokers

Share This Post

Post Comment