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

GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2665 is expected, followed by a rise to 1.2915. An additional signal confirming the rise will 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 under 1.2455, which will mean a further decline to 1.2365.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is correcting after a decline. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 147.20 is expected, followed by a decline to 145.15. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 148.35, which will mean further growth to 149.25.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.6625 is expected, followed by a rise to 0.6785. An additional signal confirming the rise will 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 under 0.6505, which will mean a further decline to 0.6415.
Author

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.




















