Currency pair Pound Dollar GBP/USD is trading at 1.3386. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3410, from where it is expected to attempt a fall with a target near the level of 1.3150.
Pound Dollar forecast GBP/USD on September 29, 2017
Earlier, a weak signal was received for the sell Pound/Dollar pair, due to the crossing of the signal lines at 1.3540. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3560, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes GBP/USD is at breakdown level 1.3340.