The currency pair US Dollar to British Pound GBP/USD is trading at 1.2429. The pair continues to bargain inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the pair Pound US Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.2465, from which one should expect a fall attempt with a view to lowering the level of 1.2340.
Ichimoku Kinko Hyo forecast GBP/USD on March 31, 2017
Earlier, a weak signal was received for the sale of the Pound Dollar pair, due to the intersection of the signal lines at 1.2517, however, it is worthwhile trying to sell only with the breakdown of the lower boundary of the Ichimoku Cloud. The abolition of the reduction option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.2520, which will indicate a change in the trend in favor of the ascending trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2430.
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