GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2325 is expected, followed by a decline to 1.2085.
An additional signal confirming the decline will be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.2475, which will mean further growth to 1.2565.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is growing within a bearish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.8995 is expected, followed by a rise to 0.9155. 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 0.8905, which will mean a further decline to 0.8805.
