Currency pair British Pound to US Dollar GBP/USD is trading at 1.3182. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Pound/Dollar. GBP/USD is expected to fall to the level of 1.3120, from which one should expect an attempt to grow and develop the bullish trend for the pair GBP/USD with a target to rising near the level of 1.3350.
Pound Dollar forecast GBP/USD on August 1, 2017
Earlier, a medium strength signal was obtained for buying of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3009. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.3010, 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 stands with the breakdown of the local maximum area at the level of 1.3310.
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