The currency pair Pound to US Dollar GBP/USD is trading at 1.2536. The pair broke through the Ichimoku Cloud and began to trade above its upper limit, which indicates that there is an upward trend in the pair Pound US Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.2490, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 1.2620.
Ichimoku Kinko Hyo GBP/USD forecast on April 14, 2017
Earlier, we received a weak signal for purchases of the pair Pound to US Dollar, due to the intersection of signal lines at 1.2430. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2400, which will indicate a shift in the upward trend in favor of a downward trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2570.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
