Currency pair Pound Dollar GBP/USD is trading at 1.3160. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to be tested near the level 1.3175, where we should expect a fall attempt with a target near the level of 1.2980.
Pound Dollar forecast GBP/USD on October 30, 2017
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. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.3240, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in GBP/USD quotations with a breakdown of the level of 1.3040.
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