Currency pair Pound Dollar GBP/USD is trading at 1.3264. The pair continues to move 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 Pound Dollar Forecast GBP/USD March 15, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 1.3175 level. Where can we expect a rebound and continued growth of the currency pair with a goal near the level of 1.3535.
Pound Dollar Forecast GBP/USD March 15, 2019
An additional signal in favor of the growth of the GBP/USD currency pair will be a rebound from the support 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.
Cancellation of the growth option of the GBP/USD pair quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2995. 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. Expect acceleration of growth in quotations GBP/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above 1.3335.
Pound Dollar Forecast GBP/USD March 15, 2019 implies an attempt to test the support area near the level of 1.3175. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.3535. The cancellation of the lifting of the pair will be the breakdown of the area of 1.2995. This will indicate a continued depreciation of the British Pound against the US Dollar with a target at 1.2765.