GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is declining after bouncing off the upper boundary of the bullish channel. The pair is moving within the Ichimoku Cloud, suggesting a sideways trend. A test of the upper boundary of the Cloud at the level of 1.2700 is expected, followed by a decline to 1.2525. A rebound from the upper boundary of the bearish channel would be another signal confirming the decline. The scenario could be invalidated by a breakout of the upper boundary of the Cloud, with the price securing above the level of 1.2735, indicating further growth to 1.2825. Confirmation of the decline in quotes will be a breakout of the lower boundary of the bullish channel and their consolidation below the level of 1.2625.
Origin: RoboForex
