The currency pair British Pound to US Dollar GBP/USD is trading at 1.2889. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. It is expected to test the upper limit of the Ichimoku Cloud near the level of 1.2880, 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 1.3030.
Ichimoku Kinko Hyo GBP/USD Forecast on May 5, 2017
Earlier, a weak signal was received for the sale of the pair Pound US Dollar, due to crossing of the signal lines at the level of 1.2906. 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 1.2820, 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 1.2975.
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