Currency pair British Pound GBP/USD is trading at 1.2908. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2880, where we can expect an attempt of growth and further development of the bullish trend for the Pound/Dollar pair with the target of growth near the level of 1.3050.
GBP/USD forecast British Pound on July 6, 2017
Earlier, we received a weak signal for the sale of the pair Pound/Dollar, due to the crossing of signal lines at 1.2940. 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 quotes below the area of 1.2820, which will indicate a shift 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 the level of 1.3020.
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