The currency pair British Pound to US Dollar GBP/USD is trading at 1.2921. The pair continues to trade above the upper boundary of the Ichimoku Cloud, indicating that there is an upward trend in the pair Pound US Dollar. A test of the signal line area near the level of 1.2865 is expected, 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 1.3050.
Ichimoku Kinko Hyo GBP/USD Forecast on May 3, 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 1.2810, which will indicate a change in the upward trend in favor of the 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 1.2970.
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