Ichimoku Cloud Analysis 12.12.2022 (GBPUSD, USDJPY, NZDUSD)

By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

The currency pair is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud at 1.2145 is expected, followed by growth to 1.2640. 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 1.2020, which will indicate further falling to 1.1925.

USDJPY, “US Dollar vs Japanese Yen”

The currency pair has left the descending channel. The pair is going inside the Cloud, which indicates a flat. A test of the lower border of the Cloud is expected at 136.35, followed by growth to 141.85. 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 135.25, which will mean further falling to 134.35. The growth will be confirmed by a breakaway of the upper border of the descending channel and securing above 138.05.

NZDUSD, “New Zealand Dollar vs US Dollar”

The currency pair is pushing off the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, indicating an uptrend. A test of the Kijun-Sen line is expected at 0.6355, followed by growth to 0.6605. 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 0.6235, which will entail further falling to 0.6245.

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.