Currency pair British Pound to US Dollar GBP/USD is trading at 1.3042. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Pound/Dollar. The pair GBP/USD is expected to fall to the level of 1.2990, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with a target to growth near the level of 1.3190.
British Pound forecast GBP/USD on July 20, 2017
Earlier, a medium strength signal was received for buying of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.2883. An additional signal in favor of the bullish trend will be a test of the support area. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.2930, 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 stands with the breakdown of the local maximum area at 1.3150.
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