Currency pair Pound Dollar GBP/USD is trading at 1.4264. 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 Cloud is expected to test near the 1.4215 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4650. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Pound Dollar forecast GBP/USD on February 5, 2018
Previously, a strong signal was obtained for the buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.4140. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.4045, 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 a breakdown of the level of 1.4280.
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