Currency pair British Pound to US Dollar GBP/USD is trading at 1.2604. 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 1.2690, from which one should expect an attempt to fall and develop a bearish trend with a view to lower near the level of 1.2520.
GBP/USD forecast British Pound on June 22, 2017
Earlier, a strong signal was received for the sale of the pair Pound/Dollar, due to crossing of the signal lines at the level of 1.2721. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2820, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GB/USD is with the breakdown of the local minimum area at 1.2550.
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