Currency pair British Pound GBP/USD is trading at 1.3019. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound US Dollar. The pair GBP/USD is expected to fall to the level of 1.2980, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with the aim of growth near the level of 1.3200.
British Pound forecast GBP/USD on July 19, 2017
Earlier, a medium strength signal was received for buying of the Pound/Dollar, due to the crossing of the signal lines at the level of 1.2883. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.2920, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations GBP/USD stands with the breakdown of the local maximum area at 1.3160.
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