The currency pair British Pound to US Dollar GBP/USD completes trading month at 1.2909. The pair is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend for the Pound Dollar pair. It is expected to test the lower boundary of the Ichimoku cloud near the level of 1.2810, from which it is expected to test the upper boundary of the Iсhimoku Cloud near the level of 1.3310.
Ichimoku Kinko Hyo Forecast GBP/USD for May 2017
Earlier, we received a weak signal for purchases of the pair Pound to US Dollar, due to crossing of the signal lines at the level of 1.2393. Consider buying is worth breaking through the upper boundary of the Ichimoku Cloud and closing the quotes above the level of 1.3684, in the case of breaking through the lower boundary of the Ichimoku Cloud, we should expect the continuation of the downward trend development in GBP/USD.
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