Currency pair Pound Dollar GBP/USD is trading at 1.3564. 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 1.3520 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.3675.
Pound Dollar forecast GBP/USD on January 10, 2018
Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3365. 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 1.3450, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of GBP/USD quotes growth with the breakdown of the upper bound of the Triangle model and the closing above the level of 1.3590.