Currency pair Pound Dollar GBP/USD is trading at 1.3159. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud near the level 1.3160 is expected to be tested, from which it is expected to attempt a fall with a target near the level of 1.2995.
Pound Dollar forecast GBP/USD on October 23, 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 1.3230. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.3280, which will indicate 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.
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