Currency pair British Pound to US Dollar GBP/USD is trading at 1.2924. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the pair British Pound to US Dollar. Ichimoku Kinko Hyo Cloud is expected to test the upper boundary of the Cloud, from which one should expect an attempt to fall and develop a bearish tendency for a pair near the level of 1.2800.
Ichimoku Kinko Hyo forecast GBP/USD on May 17, 2017
Earlier, a weak signal was received for the sale of the pair British Pound to US Dollar, due to the crossing of the signal lines at the level of 1.2935. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.2960, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotations GBP/USD the breakdown of the local minimum area at the level of 1.2840.
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