Currency pair Pound to US Dollar GBP/USD is trading at 1.3460. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. The pair GBP/USD is expected to fall to the level of 1.3400, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 1.3720.
Pound Dollar forecast GBP/USD on September 22, 2017
Previously, a strong signal was obtained for the buying of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3320. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.3315, 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 stands with the breakdown of the local maximum area at 1.3690.