Currency pair British Pound to US Dollar GBP/USD is trading at 1.3029. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, indicating an bullish trend in the pair British Pound to US Dollar. It is expected to test the area of signal lines near the level 1.2960, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with the purpose of growth near the level 1.3160.
GBP USD forecast Pound to Dollar on May 19, 2017
Earlier, a weak signal was received for buy of the pair British Pound to US Dollar, due to the crossing of signal lines at the level of 1.2911. 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 1.2850, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations British Pound to US Dollar GBP/USD with the breakdown of the local maximum area at the level of 1.3100.
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