British Pound to US Dollar GBP/USD is trading at 1.3021. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. The Ichimoku Kinko Hyo Cloud test is expected near the level of 1.3020, 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 1.3190.
Pound Dollar forecast GBP/USD on July 25, 2017
Earlier, a medium strength signal was obtained for buying of the pair Pound/Dollar, due to crossing of the signal lines at the level of 1.3009. The cancellation of the growth of the quotes 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 1.2930, 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 1.3150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link