Currency pair British Pound to US Dollar GBP/USD is trading at 1.2927. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair British Pound to US Dollar. Exit from the Ichimoku Kinko Hyo Cloud zone near the level of 1.2980 is expected, from where it is expected to return to the Ichimoku Kinko Hyo Cloud zone near the level of 1.2920.
GBP/USD forecast British Pound on May 16, 2017
Earlier, a weak signal was received for the sale of the pair British Pound to US Dollar, due to the crossing of the signal lines at the level of 1.2935. To consider sell GBP/USD with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 1.2860, in case of breaking the upper boundary of the Ichimoku Kinko Hyo Cloud, one should expect the continuation of the bullish trend on British Pound to US Dollar GBP/USD.
