Currency pair Pound Dollar GBP/USD is trading at 1.3408. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3380, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.3495.
Pound Dollar forecast GBP/USD on December 29, 2017
Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3365. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.3350, which will indicate a change in the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the level of 1.3440.
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