Pound Dollar forecast GBP/USD on October 12, 2017


Currency pair Pound Dollar GBP/USD is trading at 1.3202. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. The lower limit test is expected. Ichimoku Kinko Hyo indicator cloud near the level 1.3220, where we expect a fall attempt with a target near the level of 1.3020.

Pound Dollar forecast GBP/USD on October 12, 2017

Pound Dollar forecast GBP/USD on October 12, 2017

Earlier, we received a weak signal for buy of the Pound/Dollar pair, due to the crossing of the signal lines at the level of 1.3190. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​1.3275, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in the price of GBP/USD is at the level breakdown of 1.3120.


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