GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is trading at 1.2498; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2465 and then resume moving upwards to reach 1.2605. Another signal in favor of further uptrend will be a rebound from the support. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2410. In this case, the pair may continue falling towards 1.2325.
BRENT
Brent is trading at 43.16; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 42.50 and then resume moving upwards to reach 44.65. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 41.75. In this case, the pair may continue falling towards 39.45.
XAU/USD, “Gold vs US Dollar”
XAU/USD is trading at 1772.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1765.00 and then resume moving upwards to reach 1815.00. Another signal in favor of further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1755.00. In this case, the pair may continue falling towards 1725.00. To confirm further growth, the asset must break the pattern’s upside border and fix above 1785.00.
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