Currency pair Pound Dollar GBP/USD is trading at 1.3386. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Pound/Dollar pair. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3415, from which one should expect a growth attempt with a target near the level of 1.35.
Pound Dollar forecast GBP/USD on October 2, 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’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.3560 area, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/USD is with the breakdown of the level of the lower limit and the closing of quotations below 1.3370.