Currency pair British Pound to US Dollar GBP/USD is trading at 1.2953. 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 pair GBP/USD is expected to fall near the level of 1.2870, from which we should expect an attempt of growth and further development of the bullish trend for the Pound/Dollar with the target of growth near the level of 1.3040.
British Pound Forecast GBP/USD on June 29, 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2740, which will indicate a change in the parish trend in favor of the bullish 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 1.3010.
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