Currency pair British Pound to US Dollar GBP/USD is trading at 1.2686. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar. It is expected to test the area of signal lines near the level of 1.2760, from which one should expect an attempt to fall and develop a bearish trend for the pair GBP/USD near the level of 1.2570.
GBP/USD forecast British Pound on June 14, 2017
Previously, a strong signal was received for the sale of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2805. 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 1.2830, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD stands with the breakdown of the local minimum area at 1.2600.
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