Currency pair Pound Dollar GBP/USD is trading at 1.3243. 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 Cloud is expected to be tested near the level of 1.3225, where we should expect a growth attempt with a target near the level of 1.3365.
Pound Dollar forecast GBP/USD on October 26, 2017
Earlier, a weak signal was received for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3165. 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 1.3130, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with a breakdown of the level of 1.3305.