GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2940; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2975 and then resume moving downwards to reach 1.2685. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3085. In this case, the pair may continue growing towards 1.3175. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.2845.
BRENT
Brent is trading at 43.31; 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 42.55 and then resume moving upwards to reach 46.85. 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 39.95. In this case, the pair may continue falling towards 38.55.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 10944.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. Bulls haven’t been able to break the resistance level at 11000.00. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 10765.00 and then resume moving upwards to reach 11905.00. 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 10305.00. In this case, the pair may continue falling towards 9825.00.
