Currency pair British Pound to US Dollar GBP/USD is trading at 1.3073. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, indicating an upward trend in the Pound Dollar pair. The GBP/USD pair is expected to fall to the level of 1.3010, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with the target of growth near the level of 1.3190.
GBP/USD forecast British Pound on July 18, 2017
Earlier, a medium strength signal was received for being of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.2883. 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 GBP/USD stands with the breakdown of the local maximum area at 1.3150.
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