Currency pair Pound Dollar GBP/USD closes the trading week near the level of 1.3286. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud Upper Test is expected near the 1.32 level, from which it is expected to attempt an increase and further development of the bullish trend for the GBP/USD pair near the 1.37 level.
Pound Dollar forecast GBP/USD on October 16 — 20, 2017
Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3305. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 1.31 area, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the level of 1.3350.
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