GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2666; 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 1.2640 and then resume moving upwards to reach 1.2825. Another signal in favor of further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2505. In this case, the pair may continue falling towards 1.2415.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 107.48; 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 107.35 and then resume moving upwards to reach 108.40. Another signal is 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 106.90. In this case, the pair may continue falling towards 106.05.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6944; 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 0.6905 and then resume moving upwards to reach 0.7065. Another signal in favor of further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6795. In this case, the pair may continue falling towards 0.6705.
