Currency pair Pound to US Dollar GBP/USD completes trading week at 1.2865. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Pound US Dollar. A test of the signal line area near the level of 1.2720 is expected, from which one should expect an attempt to grow and develop a bullish trend for the pair with a target of growth near the level of 1.3100.
GBP/USD forecast forex for the week May 15 — 19, 2017
Earlier, we received a weak signal for purchases of the pair Pound US Dollar, due to crossing of the signal lines at the level of 1.2335. Cancellation of the growth option will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.2460, which will indicate a change in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.3010.
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