GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has established itself above the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Kijun-Sen line at 1.2745 is expected, followed by a rise to 1.2935. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2565, indicating a further decline to 1.2475.
Origin: RoboForex
