GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2635 is expected, followed by a decline to 1.2485. An additional signal confirming the decline will be a rebound from the upper boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.2715, which will mean further growth to 1.2805. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the Triangle pattern with the price securing under 1.2565.
Origin: RoboForex
