Currency British Pound to US Dollar GBP/USD is trading at 1.2710. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2720, from which it is expected to try to fall and develop the bearish trend with the target of lowering near the level of 1.2510.
British Pound forecast GBP/USD on June 27, 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 fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2740, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2550.
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