The currency pair Pound to US Dollar GBP/USD is trading at 1.2482. The couple is trying to pierce the Ichimoku Cloud and gain a foothold above the upper border. However, an attempt is expected to fall and develop a bearish trend for the pair with a view to lower near the level of 1.2330. Earlier, a medium strength signal was received for the sale of the Pound Dollar pair, due to the intersection of signal lines at 1.2470.
Ichimoku Kinko Hyo GBP/USD Prediction on April 7, 2017
The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.2540, which will indicate a change in the downward trend in favor of the upward trend. Expect the acceleration of the fall in quotations GBP/USD stands with the breakdown of the local minimum area at 1.2420.
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