Currency pair British Pound to US Dollar GBP/USD is trading at 1.2974. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in the pair Pound/Dollar. GBP/USD is expected to rise to the level of 1.3040, from which it is expected to try to fall and develop the bearish trend for the pair GBP/USD with a target to lower near the level of 1.2860.
British Pound forecast GBP/USD on August 10, 2017
Earlier, a weak signal was received for the sale of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3160. The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3140 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2890.
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