The currency pair Pound to US Dollar GBP/USD is trading at 1.2883. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound to US Dollar. It is expected to test the area of signal lines near the level of 1.2820, from which we should expect an attempt to grow and develop the bullish trend for the pair with the purpose of growth near the level of 1.2950.
Ichimoku Kinko Hyo forecast GBP/USD on April 28, 2017
Earlier, a strong signal was received for purchases of the pair Pound US Dollar, due to the intersection of signal lines at the level of 1.2799. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2660, which will indicate a change in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2885.
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