Currency pair Pound Dollar GBP/USD is trading at 1.4006. 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 1.3960 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4220. An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the upper boundary of the bearish channel.
Pound Dollar forecast GBP/USD on February 21, 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 the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the resistance area and closing above the level of 1.4040.
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