Currency pair Pound Dollar GBP/USD is trading at 1.3048 and within the framework of the Triangle model formation. The pair continues to move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the pair Pound Dollar. As part of the British Pound Forex Forecast today April 18, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3090. Where can we expect a rebound and the continuation of the fall of the currency pair with a goal near the level of 1.2865.

Pound Dollar Forecast GBP/USD April 18, 2019

An additional signal in favor of the fall in the GBP/USD currency pair will be a rebound from the resistance area. The second signal will be a rebound from the upper limit of the model «Triangle». Earlier, a medium strength signal was received for the SELL the Pound/Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1.3095.

Pound Dollar Forecast GBP/USD April 18, 2019

Canceling the option of falling quotes of the GBP/USD pair will be the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 1.3155 area. Such a scenario that indicates a change in the downward trend in favor of the upward trend and the continued growth of the pair on FOREX. Expect to accelerate the fall in GBP/USD quotes with the breakdown of the lower boundary of the model «Triangle» and closing below 1.2995.

Pound Dollar Forecast GBP/USD April 18, 2019 involves an attempt to test the resistance area near the level of 1.3090. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 1.2865. The cancellation of the option to reduce the pair will be the breakdown of the area of ​​1.3155. This will indicate continued growth of the British Pound against the US Dollar with a target at the level of 1.3265.