Currency pair Pound Dollar GBP/USD is trading at 1.3853. 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 is expected to test near the 1.3820 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4005.
Pound Dollar forecast GBP/USD on March 13, 2018
An additional signal in favor of the growth of the pair will be the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3845.
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 quotations below the 1.3750 area, which will indicate a change in the flat trend in favor of a bearish trend. Expect an acceleration in the growth of GBP/USD quotations with a breakdown of the upper limit and a close above 1.3900.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
