Currency pair Pound Dollar GBP/USD is trading at 1.3511. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Pound/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.3490 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.3650. An additional signal in favor of the growth of GBP/USD quotations will be the test of the lower border of the bullish channel.
Pound Dollar forecast GBP/USD on January 5, 2018
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 pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3440, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the level of 1.3590.