Currency pair Pound Dollar GBP/USD is trading at 1.3251. The pair continues to move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in the pair Pound/Dollar. As part of the Pound Dollar Forecast GBP/USD March 20, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3180. Where can we expect a rebound and continued growth of the currency pair with a goal near the level of 1.3500.
Pound Dollar Forecast GBP/USD March 20, 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 1.3100 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. Expect accelerated growth of the GBP/USD quotes with the breakdown of the resistance area and closing above the level of 1.3345.
Pound Dollar Forecast GBP/USD March 20, 2019 involves an attempt to test the support area near the level of 1.3180. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.3500. The cancellation of the option of raising the pair will be the breakdown of the area 1.3100. This will indicate a continued depreciation of the British Pound against the US Dollar with a target at the level of 1.2945.