GBP/USD, “Pound Sterling versus US Dollar
The GBP/USD is rebounding from the indicator’s signal lines. The instrument is rising above the Ichimoku Cloud, which indicates an upward trend. A test of the cloud’s upper border at 1.2665 is expected, followed by a rise to 1.2915. Another signal to confirm the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be canceled by a break of the lower boundary of the cloud, with the price finding a foothold below 1.2455, which will mean a further decline to 1.2365.
USD/JPY, US Dollar vs. Japanese Yen
The USD/JPY is correcting after a drop. The instrument has dropped below the Ichimoku Cloud, indicating a bearish trend. A test of the Kijun-Sen line at 147.20 is expected, followed by a decline to 145.15. A rebound from the upper border of the bearish channel will also confirm the decline. The scenario can be canceled by a break of the upper boundary of the cloud, with the price finding a foothold above 148.35, which will imply further growth to 149.25.
AUD/USD, Australian Dollar vs. US Dollar
The AUD/USD is testing resistance. The instrument is rising above the Ichimoku cloud, which suggests a bullish trend. A test of the upper border of the cloud at 0.6625 is expected, followed by a rise to 0.6785. A rebound from the lower border of the bullish channel would be another signal to confirm the rise. The scenario can be canceled by a break of the lower boundary of the cloud, with the price finding a foothold below 0.6505, which will mean a further decline to 0.6415.
