Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2979. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, indicating an bullish trend in the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2920, from which one should expect an attempt of growth and further development of the bullish trend for the pair GBP/USD with a target to growth near the level of 1.3300.
GBP/USD weekly forecast on July 3 — 7, 2017
Earlier, a medium strength signal was received for buying of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.2809. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2620, 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 is with the breakdown of the local maximum area at 1.3220.
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