Currency pair Pound Dollar GBP/USD is trading at 1.3241. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.3130 is expected, from which it is expected to attempt a rebound and fall of the pair with the target near the level of 1.2890.
Pound Dollar forecast GBP/USD on November 6, 2017
Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3195. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.3255, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is at the breakdown of the level of 1.3020.
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