Currency pair Pound Dollar GBP/USD is trading at 1.2719. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the pair Pound/Dollar.
As part of the GBP/USD forecast Pound Dollar December 25, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.2655. Where should we expect an attempt to rebound and continue to reduce the currency pair with a target near the level of 1.2895.
GBP/USD forecast Pound Dollar December 25, 2018
An additional signal in favor of the fall in the GBP/USD currency pair will be a rebound from the resistance area. And also test the upper limit of the downward channel. Earlier, a weak signal was received for BUY the Pound/Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1.2605.
Cancellation of the growth option of the GBP/USD pair quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 1.2560 area. Such a scenario that indicates a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair on Forex. GBP/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 1.2565.
GBP/USD forecast Pound Dollar December 25, 2018 involves an attempt to test the support area near the level of 1.2655. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.2895. Cancellation of the growth of the pair will be the breakdown of the area 1.2560. This will indicate a continued depreciation of the British Pound against the US Dollar.