Currency pair Pound Dollar GBP/USD is trading at 1.3509. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Pound/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.3465 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.3610.
Pound Dollar forecast GBP/USD on January 2, 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 quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.3370, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/USD is at breakdown level 1.3550.