Currency pair Pound Dollar GBP/USD completes the trading week near the level of 1.3416. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo indicator area signal line test is near the level of 1.3250, where we can expect an attempt of growth and further development of the bullish trend for the pair GBP/USD with the target close to the level of 1.3950.
Pound Dollar forecast GBP/USD on October 2 — 6, 2017
An additional signal in favor of growth of quotations of the pair will be a test of the level of support. Earlier, a medium strength signal was received for buy Pound/Dollar pair, due to the crossing of the signal lines at 1.3020. 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 area of 1.2950, 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 is with the breakdown of the level of 1.3600.