Ichimoku cloud analysis: GBP/USD, NZD/USD, USD/JPY

RoboForex Team RoboForex

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD has gained a foothold above the Tenkan-Sen line. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2815 is expected, followed by a rise to 1.2995. An additional signal confirming the rise might 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 finding a foothold below 1.2630, which will indicate a further decline to 1.2540.

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD is undergoing a correction following a rebound from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 0.6150 is expected, followed by a rise to 0.6265. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 0.6055, which will signal a further decline to 0.5965.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is declining within the bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 147.25 is expected, followed by a decline to 144.95. An additional signal confirming the decline could be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price finding a foothold above 150.65, which will indicate further growth to 151.55.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

EUR/USD deflates to fresh lows, targets 1.1600

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GBP/USD breaks below 1.3400, challenges the 200-day SMA

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Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.