Currency pair British Pound to US Dollar GBP/USD is trading at 1.2958. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. GBP/USD is expected to rise to the level of 1.3020, from which it is expected to try to fall and develop the bearish trend for the pair GBP/USD to reduce near the level of 1.2820.
Pound Dollar forecast GBP/USD on August 9, 2017
Earlier, a weak signal was received for the sale of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3160. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3170 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD stands with the breakdown of the local minimum area at the level of 1.2860.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
