Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2858. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2770, from which one should expect an attempt of growth and development of the bullish tendency on the pair with the target of growth near the level of 1.3150.
GBP/USD weekly forecast June 5 — 9, 2017
Earlier, a weak signal was received for the sale of the pair GBP/USD, due to the crossing of the signal lines at the level of 1.2907. 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 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 stands with the breakdown of the local maximum area at 1.3090.
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