Currency pair British Pound to US Dollar GBP/USD has closed the trading month at 1.2888. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Pound/Dollar. The Ichimoku Kinko Hyo cloud upper limit test is expected near the level of 1.3230, from which it is expected to test the lower boundary of the Cloud of Ichimoku Kinko Hyo near the level of 1.2510.
GBP/USD forecast British Pound for June 2017
Earlier, we received a weak signal for buying of the pair GBP/USD, due to crossing of the signal lines at the level of 1.2386. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 1.3560, in the case of breaking the lower boundary of the Ichimoku Kinko Hyo Cloud, one should expect the development of a bearish trend in GBP/USD to continue.
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