Currency pair British Pound to US Dollar GBP/USD is trading at 1.2898. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the currency pair Pound to Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 1.2850, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.2900.
GBP/USD Pound to Dollar forecast on June 8, 2017
Earlier, we received a weak signal for buying of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2842. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations above the level of 1.2930, in the case of breaking the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the development of a bearish trend in GBP/USD to continue.
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