Currency pair Pound to US Dollar GBP/USD is trading at 1.2937. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the pair Pound US Dollar. It is expected to test the upper limit of the Ichimoku Kinko Hyo Cloud near the level of 1.2895, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 1.3030.
Prediction GBP/USD, forex technical analysis on May 11, 2017
Earlier, a medium strength signal was received for purchases of the pair Pound US Dollar, due to the intersection of signal lines at the level of 1.2897. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2850, which will indicate a change in the upward trend in favor of a downward trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2980.
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