Currency pair Pound Dollar GBP/USD is trading at 1.3495. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 1.3520 level, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 1.3395 within the “Triangle” model.
Pound Dollar forecast GBP/USD on January 11, 2018
Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3540. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3565 area, which indicates a change in the flat trend in favor of the bullish. Expect the acceleration of the fall in GBP/USD quotations with the breakdown of the Cloud’s lower boundary and the closing below the level of 1.3460.