Currency pair Pound Dollar GBP/USD is trading at 1.3471. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Pound/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.3465, 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 1.3750. An additional signal in favor of the growth of the pair is the support level test.
Pound Dollar forecast GBP/USD on September 26, 2017
Earlier, a weak signal was received for the sale of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3540. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.3370, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the local maximum area at 1.3650.