The currency pair Pound Dollar GBP/USD is trading at 1.2546. The pair was able to break through the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend for the pair. Also, previously it was a signal of weak forces by crossing the signal lines in favor of the purchase.
Ichimoku Kinko Hyo forecast GBP/USD on February 27, 2017
At the moment, there is a potential for a fall to the upper limit of the Ichimoku Cloud continued growth of quotations pair pound dollar to above the level of 1.2665. Cancellation option of continuing growth in the pound against the dollar will fall and the breakdown of the lower limit of the Ichimoku Cloud with the closing quotation of the pair below 1.2430 area, which indicates the potential change of the trend in favor of fall.
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