Currency pair Pound Dollar GBP/USD is trading at 1.3262. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. A breakdown and a test of the upper boundary are expected. Ichimoku Kinko Hyo indicator cloud near the level 1.3215, where we can expect a growth attempt with a target near the level of 1.3420.
Pound Dollar forecast GBP/USD on October 16, 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 growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.3120, which will indicate a change in the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the level of 1.3310.
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