Currency pair British Pound to US Dollar GBP/USD is trading at 1.2847. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the currency pair GBP/USD. It is expected to test the area of signal lines near the level of 1.2870, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 1.2770.
GBP/USD forecast British Pound on June 1, 2017
Earlier, a weak signal was received for the sale of the pair British Pound to US Dollar, due to the crossing of the signal lines at the level of 1.2968. 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 quotations above the area of 1.2920, which will indicate 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 1.2790.
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