The currency pair Pound US Dollar GBP/USD is trading at 1.2401. Quotations for the pair entered the Ichimoku Cloud area and are traded internally, which indicates the presence of a lateral trend for the Pound Dollar pair. It is expected to test the upper limit of the Ichimoku Cloud near the level of 1.2460, from which one should expect a fall attempt with the aim of lowering the level of 1.2310.
Ichimoku Forecast GBP/USD on March 30, 2017
Earlier, a weak signal was received for the sale of the pair Pound US Dollar, due to the intersection of signal lines at 1.2510. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.2500, which will indicate a change in the downward trend in favor of the upward trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2370.
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