Currency pair Pound Dollar GBP/USD is trading at 1.3270. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 1.3205, from which we should expect a growth attempt with a target near the level of 1.3405.
Pound Dollar forecast GBP/USD on November 2, 2017
Earlier, a medium strength signal was received for buy of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3175. 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 1.3135, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the level of 1.33.
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