The currency pair British Pound to Australian Dollar GBP/AUD is trading at 1.6461. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Pound Aussie Dollar pair. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.6430 from which one should expect an attempt to grow and develop the bullish trend for this pair with the purpose of growth near the level of 1.6620.
Ichimoku GBP/AUD Prediction on April 4, 2017
Earlier, a medium strength signal was received for purchases of the Pound Australian Dollar pair, by crossing the signal lines at 1.6360. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.6200, which will indicate a change in the upward trend in favor of the downward trend. Expect the acceleration of the growth of quotations GBP/AUD stands with the breakdown of the local maximum area at 1.6520.
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