Currency pair British Pound to US Dollar GBP/USD is trading at 1.2657. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Pound/Dollar. GBP/USD is expected to rise near the 1.2710 level, from which it is expected to try to fall and develop a bearish trend with a view to lower near the level of 1.2510.
GBP/USD forecast British Pound on June 23, 2017
Earlier, a strong signal was received for the sale of the pair Pound/Dollar, due to the crossing of signal lines at 1.2721. 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 1.2770, 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 stands with the breakdown of the local minimum area at the level of 1.2540.
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