Currency pair Pound Dollar GBP/USD is trading at 1.3220. 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 of the lower boundary is expected. Ichimoku Kinko Hyo indicator cloud near the level 1.3225, where we should expect a fall attempt with a target near the level of 1.3000.
Pound Dollar forecast GBP/USD on October 13, 2017
Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3190. 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 quotes above the area of 1.3265, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in the price of GBP/USD is at the level breakdown of 1.3120.