The currency British Pound to US Dollar GBP/USD completes trading week at 1.2978. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair Pound US Dollar. The pair is expected to fall near the level of 1.2810, from which it is expected to try to grow and develop the bullish trend for the pair with the purpose of growth near the level of 1.3100.
Ichimoku Kinko Hyo GBP/USD Forecast May 8 — 12, 2017
Earlier, we received a weak signal for purchases of the pair Pound US Dollar, due to crossing of the signal lines at the level of 1.2335. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 1.2450, which will indicate a change 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 1.2990.
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