The currency pair Pound to US Dollar GBP/USD is trading at 1.2943. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. A test of the signal line area near the level of 1.2870 is expected, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3000.
Ichimoku Kinko Hyo GBP/USD forecast on May 1, 2017
Earlier, a strong signal was received for purchases of the pair Pound US Dollar, due to the intersection of signal lines at the level of 1.2800. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.2680, which will indicate a shift in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2960.