Currency pair Pound to Dollar GBP/USD is trading at 1.2445. The pair broke through the Ichimoku Cloud and began to trade below its lower limit, indicating a downward trend in the Pound Dollar pair. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.2460, from which one should expect an attempt to fall and develop a bearish trend for the pair with a view to lower near the level of 1.2290.
Ichimoku GBP/USD Forecast on April 6, 2017
Earlier, a medium strength signal was received for the sale of the Pound Dollar pair, due to the intersection of signal lines at 1.2470. The abolition of the decline option will be the breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.2500, which will indicate a change in the downward trend in favor of the upward. Expect the acceleration of the fall in quotations GBP/USD stands with the breakdown of the local minimum area at 1.2390.
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