Currency pair Pound Dollar GBP/USD is trading at 1.3247. The pair continues to trade above the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud Upper Test is expected near the level of 1.3235, from which we should expect a growth attempt with a target near the level of 1.3485.
Pound Dollar forecast GBP/USD on October 18, 2017
Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3190. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.3125, 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 1.3350.