The currency pair Pound Dollar GBP/USD is trading at 1.2366. Quotes pair failed to break through the lower boundary of Ichimoku Cloud, which indicates a continued decline for the pair with the first in order to reduce to below 1.2270 area. But do not rule out an attempt to test the breached border of the Ichimoku Cloud and only then continued reductions.
Ichimoku Kinko Hyo forecast GBP/USD on March 2, 2017
Cancellation option of falling pound against the dollar will be the upper limit of the sample and closing quotes above 1.2520 area, which indicates the potential change of the trend in favor of growth. Current area of the pair involves opening short positions on the pair with a close above table Clouds indicator.
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