The currency pair British Pound to US Dollar GBP/USD is trading at 1.2935. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend in the pair Pound/Dollar. The GBP/USD pair is expected to rise to 1.2960, followed by the Ichimoku Kinko Hyo Upper Cloud test near 1.2930, where we expect an attempt to grow and develop the bullish trend for the GBP/USD pair to rise near the 1.3080 level.
British Pound forecast GBP/USD on July 14, 2017
Earlier, a medium strength signal was received for the sale of the Pound/Dollar pair, due to the crossing of the signal lines at 1.2923. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2850, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the local maximum area at 1.3040.
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