Currency pair Pound Dollar GBP/USD is trading at 1.3153. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3185, from which it is expected to attempt a rebound and fall of the pair with the target near the level of 1.2950.
Pound Dollar forecast GBP/USD on November 8, 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’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.3245, which indicates a change in the bearish trend in favor of the bullish. To expect the acceleration of the fall in the price of GBP/USD is at the level breakdown of 1.3030.
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