Currency pair Pound Dollar GBP/USD closes the trading week near the level of 1.3564. 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 1.3480 is expected, from which it is expected to attempt a rebound and further development of the bullish trend for GBP/USD with a target to growth near the level of 1.3840.
Pound Dollar forecast GBP/USD on January 8 — 12, 2018
An additional signal in favor of growth is the test of the lower boundary of the bullish channel. Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3225. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3280, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations GBP/USD is from the level of 1.3650.