Pound Dollar forecast GBP/USD on October 20, 2017


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Currency pair Pound Dollar GBP/USD is trading at 1.3185. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Pound/Dollar pair. The breakdown and the test of the upper boundary of the Ichimoku Kinko Hyo Cloud are expected near the level of 1.3205, from which we should expect a growth attempt with a target near the level of 1.3350.

Pound Dollar forecast GBP/USD on October 20, 2017

Pound Dollar forecast GBP/USD on October 20, 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 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 ​​1.3140, indicating a change in the flat trend in favor of a bearish trend. To expect the acceleration of the growth of quotations GBP/USD stands with the breakdown of the level of 1.3250.

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