Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2921. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Pound/Dollar. The pair is expected to fall to 1.2850, followed by the Ichimoku Kinko Hyo Cloud lower limit test near 1.2920, where we expect an attempt to fall and further develop the bearish trend for the GBP/USD pair in order to lower near 1.2450.
GBP/USD weekly forecast on September 4 — 8, 2017
Earlier, a weak signal was received for the sale of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.3050. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3120 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2560.