The currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2943. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. A drop near the 1.2780 level is expected, from which one should expect an attempt at growth and development of the bullish tendency for the pair with a target of growth near the level of 1.3130.
Ichimoku Kinko Hyo GBP/USD Forecast May 1 — 5, 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. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2380, which will indicate a shift 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 1.2990.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
