Currency pair British Pound to US Dollar GBP/USD is trading at 1.2888. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the currency pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2910, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.2860.
GBP/USD forecast British Pound June 5, 2017
Earlier, we received a weak signal for buying of the pair British Pound US Dollar, due to the crossing of the signal lines at the level of 1.2842. 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 1.2940, in the case of breaking the lower boundary of the Cloud, Ichimoku Kinko Hyo, we should expect the development of the bearish trend for GBP/USD to continue.
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