Currency pair Pound Dollar GBP/USD is trading at the level of 1.3274. A pair below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo indicator area signal line test is near the level of 1.3365, from where it is expected to attempt a fall with the target near the level of 1.3080. An additional signal in favor of falling quotations of the pair will be a resistance level test.
Pound Dollar forecast GBP/USD on October 4, 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 a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3540, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in the quotes GBP/USD is with the breakdown of the level of the lower limit and the closing of quotations below 1.3250.
