Currency pair Pound Dollar GBP/USD closes the trading week near the level of 1.4157. 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 signal line area test is near the level of 1.3860, from which it is expected to attempt a rebound and further development of the bullish trend for GBP/USD with a view to growth near the level of 1.4650.
Pound Dollar forecast GBP/USD on January 29 — February 2, 2018
An additional signal in favor of growth is the test of the lower boundary of the bullish channel. Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3225. 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 quotes below the area of 1.3420, 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 at 1.4450.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
