Currency pair Pound Dollar GBP/USD is trading at 1.3185. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3220, where we should expect a decline attempt with the target near the level of 1.3020.
Pound Dollar forecast GBP/USD on October 19, 2017
Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3230. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3240, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in GBP/USD quotations with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary level and the closing below 1.3150.
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