Currency pair Pound Dollar GBP/USD is trading at 1.4071. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near level 1.4015, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4460. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Pound Dollar forecast GBP/USD on January 31, 2018
Previously, a strong signal was received for buy of the Pound/Dollar, due to the crossing of the signal lines at 1.3520.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.3825, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the level of 1.4170.
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