Currency pair Pound Dollar GBP/USD is trading at 1.4129. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo signal line area test near the level 1.4060 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 1.4290. An additional signal in favor of the growth of the pair will test the level of support.
Pound Dollar forecast GBP/USD on February 19, 2018
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 1.3890. 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 1.3870, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the resistance area and the closing above the level of 1.4160.
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