Currency pair Pound Dollar GBP/USD is trading at 1.3194. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3185, from which it is expected to attempt a rebound and pair growth with the target near the level of 1.3295.
Pound Dollar forecast GBP/USD on November 16, 2017
Earlier, a medium strength signal was received for buy of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3145 level. 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 1.3110, which will indicate a change 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 level of 1.3250.
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