The currency pair Pound to US Dollar GBP/USD is trading at 1.2433. The pair continues to bargain inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the pair Pound US Dollar. Exit from the Cloud zone and the test of the lower boundary of the Ichimoku Cloud near the level of 1.2440 is expected, from which it is expected to attempt a fall with the first target near the level of 1.2320.
Ichimoku GBP/USD Prediction on April 5, 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. Cancellation of the option will be a breakdown of the upper boundary of the Ichimoku Cloud and the closing of quotes above the level of 1.2530, in the case of breaking through the lower boundary of the Ichimoku Cloud, one should expect confirmation in the form of crossing the signal line in favor of sales to open short positions.
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