The currency pair Pound Dollar GBP/USD is trading at 1.2151. The pair is trading below the Ichimoku Cloud level, indicating a downward trend in the pair. It is worth expecting a tight test of the lower boundary of the Ichimoku Cloud, from which one should expect an attempt to fall and develop a bearish trend for the pair.
Ichimoku Kinko Hyo GBP/USD forecast on March 15, 2017
In favor of the option of accelerating the fall is the formation of a strong signal favoring sales of Pound Dollar. 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 1.2260 area, which will indicate a potential trend shift in favor of an upside. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area.
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