Currency pair Pound Dollar GBP/USD is trading at 1.3145. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo indicator signal line test near the level 1.3190 is expected, from which it is expected to attempt a fall with the target near the level of 1.2955. An additional signal in favor of falling quotes of the pair will be a resistance level test.
Pound Dollar forecast GBP/USD on October 11, 2017
Earlier, a weak signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3540. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.3270, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in the price of GBP/USD is at the level breakdown of 1.3030.