The currency pair Pound to US Dollar GBP/USD is trading at 1.2514. The pair continues to bargain inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the pair Pound US Dollar. The pair is expected to exit the quotes beyond the upper limit of the Ichimoku Cloud with a subsequent test of the broken edge near the level of 1.2520, from which one should expect an attempt of growth with the first target near the level of 1.2640.
Ichimoku GBP/USD Prediction on April 4, 2017
Earlier, a medium strength signal was received for purchases of the Pound Dollar pair, due to the intersection of signal lines at 1.2490. Consider buying is worthwhile with the breaking of the upper border of the Ichimoku Cloud and the closing of quotes above the level of 1.2560, in the case of breaking through the lower boundary of the Ichimoku Cloud, it is expected to continue the development of the downward trend in GBP/USD.
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