Currency pair Pound Dollar GBP/USD is trading at 1.2654. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Pound/Dollar. The pair GBP/USD is expected to rise near 1.2720, from which it is expected to attempt a fall and develop a bearish trend for the pair GBP/USD near the level of 1.2590.
GBP/USD forecast Pound Dollar on June 13, 2017
Previously, a strong signal was received for the sale of the currency 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 quotes above the area of 1.2830, which indicates 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 1.2620.
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