Currency pair British Pound to US Dollar GBP/USD is trading at 1.2739. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar. The pair GBP/USD is expected to rise near 1.2820, from which it is expected to attempt a fall and develop a bearish trend for the pair GBP/USD near the level of 1.2660.
GBP/USD forecast Pound Dollar on June 12, 2017
Earlier, a strong signal was received for the sale of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2805. 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 quotations above the area of 1.2890, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2680.
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