Currency pair Pound to US Dollar GBP/USD is trading at 1.2544. 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 area of signal lines near the level of 1.2500, 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 1.2620.
Ichimoku Kinko Hyo GBP/USD prediction on April 18, 2017
Earlier, we received a weak signal for purchases of the pair Pound US Dollar, due to the intersection of signal lines at 1.2430. 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 1.2420, which will indicate a shift in the upward trend in favor of a downward trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.2560.
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