Currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2876. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair GBP/USD. Ichimoku Kinko Hyo Cloud near the level 1.2740 is expected to test the upper boundary of the cloud, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 1.3140.
GBP/USD prediction on May 29, 2017 — June 2, 2017
Earlier, we received a weak signal for buy of the currency pair, due to crossing of the signal lines at the level of 1.2335. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2540, 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 1.3080.