The Currency pair Pound US Dollar GBP/USD finished the trading week at 1.24673. The situation for the pair is not very unambiguous. There are several options for the development of events. The main options will come upward trend. In this situation, the pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.2350, from which one should expect an attempt to grow and develop the bullish trend for this pair with the aim of increasing the level of 1.2650.
Ichimoku forecast GBP/USD on March 27 — 31, 2017
However, the signal to buy has not yet been received, so you must wait for the intersection of the signal lines. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 1.2180, which will indicate a change in the upward trend in favor of the downward trend. To a downward trend in events, a weak signal was previously received for the sale of the Pound Dollar pair, due to the intersection of the signal lines at 1.2510. Expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2550.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
