Currency pair Pound Dollar GBP/USD is trading at 1.3900. 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 Cloud is expected to test near the 1.3950 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 1.3750. An additional signal in favor of the fall of the pair will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Pound Dollar forecast GBP/USD on February 23, 2018
Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3990. 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 bearish trend in favor of the bullish 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 1.4030.
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