GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is rebounding from the upper line of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2685 is expected, followed by a rise to 1.2935. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2535, indicating a further decline to 1.2445. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bullish channel, with the price finding a foothold above 1.2770.
Origin: RoboForex
