The currency pair British Pound to US Dollar GBP/USD is trading at 1.2410. The pair continues to trade below the lower boundary of the Ichimoku Cloud, indicating a bearish trend for the Pound Dollar pair. An attempt is expected to fall and develop a bearish trend for the pair with a view to lower near the level of 1.2260.
Ichimoku Kinko Hyo GBP/USD forecast on April 11, 2017
Earlier, a medium strength signal was received for the sale of the Pound Dollar pair, due to the intersection of signal lines at 1.2470. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.2480, which will indicate a change in the downward trend in favor of the upward trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2360.
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