Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.3110. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. The pair GBP/USD is expected to fall to the level of 1.2960, from which one should expect an attempt of growth and further development of the bullish trend for the pair GBP/USD with a target to growth near the level of 1.3390.
Pound Dollar forecast GBP/USD on July 31 — August 4, 2017
Earlier, a medium strength signal was received for buying of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.2882. 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 quotations below the area of 1.2790, which will indicate a shift in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the local maximum area at the level of 1.3280.
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