Currency pair British Pound to US Dollar GBP/USD is trading at 1.2973. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair British Pound to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 1.2920, from which one should expect an attempt of growth and development of the bullish tendency for the pair GBP/USD with the target of growth near the level 1.3130.
GBP/USD forecast & analysis on May 22, 2017
Earlier, a weak signal was received for buy of the pair British Pound to US Dollar GBP/USD, due to the crossing of signal lines at the level 1.2911. The cancellation of the growth of the quotations of the pair GBP/USD will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.2890, which will indicate a change in the bullish trend in favor of the berish trend. Expect the acceleration of the growth of quotations GBP/USD is with the breakdown of the local maximum area at 1.3080.