CURRENCY TRADERS Pound Dollar insight Currency pair Pound Dollar GBP/USD is trading at 1.3111. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3135, from which it is expected to attempt a rebound and fall of the pair with the target near the level of 1.2950.
Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3145 level. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3195, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in GBP/USD quotations with a breakdown of the level of 1.3060.
At 10:40 GMT, the pair is trading at 1.3093, with the Pound trading 0.18% lower against US Dollar from the New York close, after data revealed that UK’s consumer price index (CPI) rose less-than-anticipated on an annual basis in October. The pair witnessed a high of 1.3128 and a low of 1.3075 during the session. Yesterday, the Pound traded 0.14% higher against the US Dollar in the New York session and ended at 1.3116. Immediate downside, the first support level is seen at 1.3066, while on the upside, the first resistance level is situated at 1.3128.
|Nov 12, 2017||1.3121||1.3165||1.3180||1.3119||-0.53|
|Nov 10, 2017||1.3191||1.3148||1.3232||1.3113||0.30|
|Nov 09, 2017||1.3151||1.3115||1.3167||1.3086||0.27|
|Nov 08, 2017||1.3116||1.3167||1.3178||1.3087||-0.39|
|Nov 07, 2017||1.3167||1.3170||1.3179||1.3109||-0.04|
|Nov 06, 2017||1.3172||1.3085||1.3177||1.3058||0.73|
|Nov 03, 2017||1.3076||1.3059||1.3132||1.3039||0.13|
|Nov 02, 2017||1.3059||1.3245||1.3300||1.3043||-1.41|
|Nov 01, 2017||1.3246||1.3282||1.3321||1.3240||-0.28|
|Oct 31, 2017||1.3283||1.3207||1.3289||1.3190||0.57|
|Oct 30, 2017||1.3208||1.3112||1.3216||1.3105||0.60|
|Oct 27, 2017||1.3129||1.3161||1.3164||1.3070||-0.24|
|Oct 26, 2017||1.3160||1.3264||1.3281||1.3147||-0.78|
|Oct 25, 2017||1.3264||1.3132||1.3272||1.3110||0.97|
|Oct 24, 2017||1.3136||1.3199||1.3229||1.3112||-0.46|
|Oct 23, 2017||1.3197||1.3187||1.3228||1.3156||0.05|
|Oct 20, 2017||1.3190||1.3159||1.3202||1.3087||0.24|
|Oct 19, 2017||1.3159||1.3206||1.3230||1.3132||-0.35|
|Oct 18, 2017||1.3205||1.3191||1.3212||1.3140||0.11|
|Oct 17, 2017||1.3191||1.3250||1.3289||1.3154||-0.45|
|Oct 16, 2017||1.3250||1.3309||1.3313||1.3225||-0.28|
|Oct 13, 2017||1.3287||1.3262||1.3338||1.3249||0.19|
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