Currency pair Pound Dollar GBP/USD is trading at 1.3169. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud Upper Test is expected near the level of 1.3180, from which it is expected to attempt a rebound and pair growth with the target near the level of 1.3295.
Pound Dollar forecast GBP/USD on November 17, 2017
Earlier, a medium strength signal was received for buy of the Pound Dollar pair, due to the crossing of the signal lines at 1.3145 level. The cancellation of the growth of the quotations of the pair will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.3120, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the level of 1.3050.
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