Currency pair British Pound to US Dollar GBP/USD is trading at 1.2716. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Pound/Dollar. GBP/USD is expected to rise near 1.2760, from which it is expected to try to fall and develop a bearish trend for the pair GBP/USD with a view to lower 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 16, 2017
Previously, 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 quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2820, which will indicate a change in the downward 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 1.2650.
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