Currency pair Pound Dollar GBP/USD is trading at 1.3965. 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 Upgrade Test is expected near the level of 1.3320, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4095.
Pound Dollar forecast GBP/USD on March 16, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, a medium strength signal was received for buy of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3850.
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 quotations below the area of 1.3800, 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 with the breakdown of the upper border of the channel and the closing above the level of 1.3990.
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