Currency pair Pound Dollar GBP/USD is trading at the level of 1.3326. 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 1.3295 is expected, from which it is expected to attempt a rebound and pair growth with the target near the level of 1.3450.
Pound Dollar forecast GBP/USD on November 24, 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 quotations below the 1.3150 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations GBP/USD is with a breakdown of the level of 1.3360.
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