The currency pair British Pound to US Dollar GBP/USD is trading at 1.2950. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.2900, from which one should expect an attempt to grow and develop the bullish trend for the pair with a target of growth near the level of 1.2990.
Ichimoku Kinko Hyo GBP/USD Forecast on May 9, 2017
Earlier, a medium strength signal was received for purchases of the pair British Pound to US Dollar, due to the crossing of the signal lines at the level of 1.2897. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2850, which will indicate a change in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2960.
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