Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2883. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. Ichimoku Kinko Hyo Cloud near the level of 1.2880 is expected to be tested, from which we should expect an attempt of growth and further development of the bullish trend for the pair GBP/USD with a target of growth near the level of 1.3250.
GBP/USD weekly forecast on August 21 — 25, 2017
Earlier, a weak signal was received for the sale of the pair Pound/Dollar, due to the crossing of signal lines at 1.3050. 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 1.2780, which will indicate a change 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 1.3180.
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