The currency pair British Pound to US Dollar GBP/USD is trading at 1.2872. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Pound/Dollar pair. The GBP/USD pair is expected to fall to 1.2840, followed by the Ichimoku Kinko Hyo Cloud lower limit test near 1.2875, from which it is expected to try to fall and develop the bearish trend for the GBP/USD pair in order to lower near 1.2735.
GBP/USD forecast British Pound on July 13, 2017
Earlier, a medium strength signal was received for the sale of the Pound/Dollar pair, due to the crossing of the signal lines at 1.2923. 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 1.2960, which indicates 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 1.2780.
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