GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is preparing to break the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat trend. A test of the upper boundary of the Cloud at 1.2495 is expected, followed by a decline to 1.2305. A signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.2565, which will mean further growth to 1.2655. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the quotes securing under the 1.2415 level.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is rebounding from the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.3695 is expected, followed by a decline to 1.3575. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.3780, which will mean further growth to 1.3870. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the quotes securing under the 1.3640 level.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has left the boundaries of a correction channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.9105 is expected, followed by a rise to 0.9225. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 0.9045, which will mean a further decline to 0.8955.
