Currency pair Pound Dollar GBP/USD is trading at the level of 1.3904. 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 the level of 1.3890, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.4060.
Pound Dollar forecast GBP/USD on March 9, 2018
An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the upper boundary of the bearish channel. Earlier, we received a weak force signal for buy of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3815.
The cancellation of the growth of the quotations of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3780, 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 resistance area and closing above the level of 1.3930.
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