Currency pair British Pound to US Dollar GBP/USD is trading at 1.2930. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2870, from which one should expect an attempt of growth and further development of the bullish trend for the pair Pound/Dollar with the target of growth near the level of 1.3070.
British Pound forecast GBP/USD on July 5, 2017
Earlier, we received a weak signal for buying of the pair Pound/Dollar, due to crossing of the signal lines at the level of 1.2696. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2780, 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 1.3030.
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