Currency pair Pound/Dollar GBP/USD finished trading month at 1.3221. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the Pound/Dollar. The Ichimoku Kinko Hyo cloud upper limit test is expected near the level of 1.3280, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level 1.2430.
Pound Dollar forecast GBP/USD for August 2017
Earlier, we received a weak signal for buying of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2360. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 1.3580, in the case of breaking the lower boundary of the Cloud, Ichimoku Kinko Hyo, it is expected to continue the development of the bearish trend for GBP/USD.