Currency pair Pound Dollar GBP/USD is trading at 1.3830. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound Dollar pair. Ichimoku Kinko Hyo signal line area test near the level 1.3910 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 1.3605. An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel.
Pound Dollar forecast GBP/USD on February 14, 2018
Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.4125. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.4060, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in the quotes GBP/USD is with the breakdown of the support area and closing below the level of 1.3820.