Currency pair Pound Dollar GBP/USD is trading at 1.3255. 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 indicator area signal line test near the level 1.3315 is expected, from which it is expected to attempt a fall with the target near the level of 1.3070. An additional signal in favor of falling quotations of the pair will be a resistance level test.
Pound Dollar forecast GBP/USD on October 6, 2017
Earlier, a weak signal was received for the sale of the Pound Dollar pair, due to the intersection of the signal lines at 1.3540. 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 1.3430, indicating 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 1.3200 level.