USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 105.27; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 105.05 and then resume moving upwards to reach 106.55. Another signal in favor of further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 104.15. In this case, the pair may continue falling towards 103.52. To confirm further growth, the asset must break the pattern’s upside border and fix above 105.75.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3262; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3195 and then resume moving upwards to reach 1.3405. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3135. In this case, the pair may continue falling towards 1.3045.
ETHUSD, “Ethereum vs US Dollar”
ETHUSD is trading at 459.64; the instrument is moving above Ichimoku Cloud, thus indicating and ascending tendency. The markets could indicate that the price may test the support area at 452.20 and then resume moving upwards to reach 490.00. Another signal in favor of further uptrend is a rebound from the upside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 435.00. In this case, the pair may continue falling towards 405.00.
