GBP/USD Analytics on July 27, 2018

The pound / Dollar GBP/USD is trading at 1.3100.

The GBP / USD price is inside the Ichimoku Kinko Hyo cloud. The signal lines of the Ichimoku Kinko Hyo cloud indicator after crossing at 1.3080 are directed upwards. The red fast line is above the blue slow line. Based on these data, we can talk about the continuation of the upward movement on the currency pair Pound/Dollar GBP/USD.

GBP/USD Analytics on July 27, 2018
In the next day, we expect a further increase in the price after a pullback towards the support level of 1.3100. The resistance level at the upward movement will be 1.3205.
Thus, the GBP / USD forecast for the Pound / Dollar on July 27 assumes an upward movement to the resistance level of 1.3205.