Currency pair Pound Dollar GBP/USD is trading at 1.3074. 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 Pound Dollar Forecast GBP/USD March 14, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3150. Where can we expect a rebound and the continuation of the fall of the currency pair with a goal near the level of 1.2805.
Pound Dollar Forecast GBP/USD March 14, 2019
An additional signal in favor of the fall in the GBP/USD currency pair will be a rebound from the resistance area. 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 1.3085.
Canceling the option of reducing quotes of the GBP/USD pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above 1.3225. 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 of the GBP/USD quotes with the breakdown of the lower boundary of the ascending channel and closing below 1.2945.
Pound Dollar Forecast GBP/USD March 14, 2019 involves an attempt to test the resistance area near the level of 1.3150. Where can we expect to continue the fall of the currency pair with a potential target near the level of 1.2805. Cancel the option to reduce the pair will breakdown area 1.3225. This will indicate a continuation of the rise of the British Pound against the US Dollar with a target at the level of 1.3375.