Currency pair Pound Dollar GBP/USD is trading at 1.3949. 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 near the level 1.3955 is expected to be tested, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 1.3740. An additional signal in favor of the fall of the pair is the resistance level test.
Pound Dollar forecast GBP/USD on February 26, 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 fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.4030 area, which will indicate a bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the lower boundary of the channel and closing below the level of 1.3830.
