Currency pair British Pound to US Dollar GBP/USD is trading at 1.3113. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Pound/Dollar. GBP/USD is expected to fall to the level of 1.3080, from which it is expected to try to grow and develop the bullish trend for the pair GBP/USD with a view to growth near the level of 1.3240.
British Pound forecast GBP/USD on July 28, 2017
Earlier, a medium strength signal was obtained for buying of the Pound/Dollar pair, due to crossing of the signal lines at the level of 1.3009. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2990, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the local maximum area at 1.3200.
