GBPUSD, “Great Britain Pound vs US Dollar”
The quotes are pushing off the support level, going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud is expected at 1.1935, followed by growth to 1.2475. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.1565, which will indicate further falling to 1.1475.
USDJPY, “US Dollar vs Japanese Yen”
The pair is getting ready to break through the support level, going under the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line is expected at 139.40, followed by falling to 133.65. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 142.55, which will entail further growth to 143.45.
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AUDUSD, “Australian Dollar vs US Dollar”
The pair is correctimg by a Triangle pattern, going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud is expected at 0.6635, followed by growth to 0.7015. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6545, which will indicate further falling to 0.6455. The growth can be confirmed by a breakaway of the upper border of the Triangle pattern and securing above 0.6805.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
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