Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2772. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the Pound/Dollar. Ichimoku Kinko Hyo Cloud near the level 1.2800 is expected to be tested, from which it is expected to test the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1.2600.
GBP/USD forecast for the week June 19 — 23, 2017
Earlier, a weak signal was received for the sale of the pair Pound/Dollar, due to the crossing of the signal lines at the level of 1.2907. To consider selling costs with the breaking of the lower boundary of Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 1.2520, in case of breaking the upper boundary of Ichimoku Kinko Hyo Cloud, we should expect the continuation of the bullish trend development in GBP/USD.