Currency pair British Pound to US Dollar GBP/USD is trading at 1.2969. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair British Pound. Ichimoku Kinko Hyo cloud upper limit test is expected near the level of 1.2980, from which one should expect an attempt of growth and development of the bull tendency on the pair with the purpose of growth near the level of 1.3080.
GBP/USD forecast Pound to US Dollar on May 25, 2017
Earlier, a weak signal was received for buy of the pair GBP/USD, due to the crossing of signal lines at the level of 1.2911. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.2940, 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 1.3040.