Currency pair British Pound to US Dollar GBP/USD is trading at 1.2975. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair British Pound to US Dollar GBP/USD. The pair is expected to fall near the level of 1.2950, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with the target of growth near the level of 1.3070.
GBP/USD prediction & analysis on May 23, 2017
Earlier, a weak signal was received for buy of the pair British Pound to US Dollar GBP/USD, due to the crossing of signal lines at the level of 1.2911. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.2920, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations GBP/USD stands with the breakdown of the local maximum area at 1.3060.
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