Currency pair British Pound to US Dollar GBP/USD is trading at 1.2738. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Pound/Dollar. It is expected to test the area of signal lines near the level of 1.2750, from which one should expect an attempt to fall and develop a bearish trend for the pair GBP/USD with the first target near the level of 1.2620. An additional signal in favor of a bearish trend will be a resistance area test.
Pound Dollar forecast GBP/USD on June 15, 2017
Earlier, a strong signal was received for the sale of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2805. 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 area of 1.2830, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the local minimum area at 1.2640.
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