Currency pair Pound Dollar GBP/USD is trading at 1.3506. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud near the level 1.3490 is expected to be tested, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.3655. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bearish channel.
Pound Dollar forecast GBP/USD on January 12, 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 growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.3435, which will indicate a change in the flat trend in favor of a bearish trend. Expect an acceleration in the growth of GBP/USD quotes with a breakdown of the upper boundary of the Cloud and a close above 1.3565.