GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has established itself above the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Kijun-Sen line at 1.2745 is expected, followed by a rise to 1.2935. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2565, indicating a further decline to 1.2475.
XAUUSD, “Gold vs US Dollar”
Gold is correcting while forming a bearish Flag pattern. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2360 is expected, followed by a fall to 2275. A rebound from the upper boundary of the Flag pattern would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 2405, indicating a further rise to 2455. Conversely, a decline could be confirmed by a breakout below the lower boundary of the Flag pattern, with the price gaining a foothold below 2335.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is declining following a rebound from the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 0.9095 is expected, followed by a rise to 0.9225. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the increase. This scenario could be cancelled by a breakout below the lower boundary of the Cloud, with the price securing below 0.9035, indicating a further decline to 0.8945.
