USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 105.40; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 105.55 and then resume moving downwards to reach 104.30. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 105.95. In this case, the pair may continue growing towards 106.85.
EURGBP, “Euro vs Great Britain Pound”
EURGBP is trading at 0.9051; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9070 and then resume moving downwards to reach 0.8925. Another signal in favor of further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.9155. In this case, the pair may continue growing towards 0.9245. To confirm further decline, the asset must break the pattern’s downside border and fix below 0.9010.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 11421.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 11090.00 and then resume moving upwards to reach 12005.00. Another signal in favor of further uptrend will be a rebound from the support area – one can see that the price has already rebounded from it twice. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 10905.00. In this case, the pair may continue falling towards 10255.00. To confirm further growth, the asset must break the descending channel’s upside border and fix above 11620.00.
