Currency pair Pound Dollar GBP/USD is trading at 1.3250. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 1.3210 is expected, from which it is expected to attempt a rebound and pair growth with the target near the level of 1.3375.
Pound Dollar forecast GBP/USD on November 20, 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 a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.3120, 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 1.3270.
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