Currency pair Pound Dollar GBP/USD is trading at 1.3245. 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 22, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.3190. Where can we expect a rebound and continued growth of the currency pair with a goal near the level of 1.3505.
Pound Dollar Forecast GBP/USD March 22, 2019
An additional signal in favor of the growth of the GBP/USD currency pair will be a rebound from the support area. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for SELL the Pound/Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1.3265.
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 quotes below 1.3130. 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 1.3365.
Pound Dollar Forecast GBP/USD March 22, 2019 implies an attempt to test the support area near the level of 1.3190. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.3505. The cancellation of the lifting of the pair will be the breakdown of the area of 1.3130. This will indicate a continued depreciation of the British Pound against the US Dollar with a target at the level of 1.2995.