Currency pair Pound Dollar GBP/USD completes the trading week near the level of 1.4016. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.3980, from which it is expected to attempt a rebound and further development of the bullish trend for GBP/USD with a target growth near the level of 1.4475.
Pound Dollar forecast GBP/USD April 2 — 6, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a medium strength signal was received for buy of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3920.
The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.3740, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the resistance area and the closing above the level of 1.4250.