Currency pair Pound Dollar GBP/USD is trading at 1.3196. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud upper test is expected near the level of 1.3205, from which it is expected to attempt a fall with a target near the level of 1.3020.
Pound Dollar forecast GBP/USD on November 1, 2017
Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3185. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3250, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is at breakdown level 1.3135.
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