Currency pair Pound Dollar GBP/USD is trading at 1.3257. 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 limit test is expected near the level of 1.3225, from which we should expect a growth attempt with a target near the level of 1.3365. Earlier, a weak signal was received for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3165.
Pound Dollar forecast GBP/USD on October 27, 2017
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 1.3130, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with a breakdown of the level of 1.3305.
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