GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has left the borders of a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2160 is expected, followed by falling to 1.1725. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2345, which will mean further growth to 1.2435.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the signal lines of the Cloud at 134.05 is expected, followed by falling to 129.05. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 137.55, which will mean further growth to 138.45.
Brent
Crude oil is testing the Tenkan-Sen line of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 80.85 is expected, followed by falling to 71.55. A signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 83.55, which will mean further growth to 88.05.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
Will US Dollar regain its strength after April inflation data – LIVE
Annual inflation in the US, as measured by the change in the Consumer Price Index (CPI), is forecast to edge lower to 3.4% in September. Investors will scrutinize the inflation report to try to figure out whether the Federal Reserve will opt for a policy pivot in Q3.
EUR/USD holds above 1.0800 ahead of US inflation data
EUR/USD stays in positive territory above 1.0800 after registering its highest daily close in over a month on Tuesday. The data from the Eurozone showed that the GDP grew at an annual rate of 0.4% in Q1. Focus shifts to April inflation report from the US.
GBP/USD advances above 1.2600, all eyes on US CPI data
GBP/USD preserves its bullish momentum and trades at its highest level in nearly two weeks above 1.2600 in the European session on Wednesday. The US Dollar struggles to find demand and allows the pair to stretch higher ahead of April CPI and Retail Sales data from the US.
Gold climbs above $2,370 as US yields edge lower ahead of inflation data
Gold extends its uptrend and trades above $2,370 in the European session on Wednesday after gaining nearly 1% on Tuesday. The benchmark 10-year US Treasury bond yield stays in the red below 4.5% ahead of US inflation data, helping XAU/USD keep its footing.
Ripple’s discounts for institutional clients stir debate among attorneys discussing SEC lawsuit
Ripple price consolidates in a tight range around $0.50 on Wednesday as the Securities and Exchange Commission (SEC) legal battle against payment-remittance firm Ripple intensifies with two key issues in focus this week.