Currency pair Pound Dollar GBP/USD is trading at 1.4030. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud near the level 1.4055 is expected to be tested, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 1.3870.
GBP/USD forecast Pound Dollar for April 2, 2018
An additional signal in favor of the fall of the pair will be a test of the lower border of the channel, as well as a resistance level test. Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to the crossing of signal lines at 1.4140.
The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.4165, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in the GBP/USD price is due to the breakdown of the support area and the closing below the level of 1.3990.
