Currency pair British Pound to US Dollar GBP/USD is trading at 1.2928. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, indicating an bullish trend in the pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2910, from which one should expect an attempt of growth and development of the bullish trend for the pair GBP/USD near the level of 1.3020.
GBP/USD forecast Pound Dollar for June 6, 2017
Earlier, we received a weak signal for purchases of the pair Pound US Dollar, due to the intersection of the signal lines at the level of 1.2842. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2840, which will indicate a shift in the bullish trend in favor of the bearish 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.
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