Currency pair GBP/USD is trading at 1.4110. Quotes of the pair are traded above the moving average of a period of 55, which indicates the existence of a bullish trend for the pair Pound/Dollar. At the moment, quotes of the pair move near the upper border of the bands of the Bollinger Bands indicator. A test of the level of 1.3980 is expected, where again we should expect an attempt to continue growth and further development of the upward trend for the pair Pound/Dollar near the level of 1.4470.
GBP/USD weekly forecast on March 26 — 30, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 1.3720. Canceling the option of continuing the growth of the pair Pound/Dollar will be a breakdown of the moving average area with a period of 55, as well as the lower boundary of the Bollinger Bands indicator bars and the close of the pair quotes below the 1.3540 area, indicating a change in the bearish trend for GBP/USD. The Bollinger Bands, one should expect an acceleration of growth.
