GBP/USD, “Pound Sterling versus US Dollar
The GBP/USD is testing the indicator’s signal lines. The instrument is rising above the Ichimoku Cloud, which indicates an upward trend. A test of the Kijun-Sen line at 1.2635 is expected, followed by a rise to 1.2885. 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 1.2535, which will mean a further decline to 1.2445.
XAU/USD, Gold vs. US Dollar
Gold has secured above the upper border of the bearish channel. The instrument is entering the Ichimoku cloud, which suggests a flat. A test of the Kijun-Sen line at 2015 is expected, followed by a rise to 2095. The signal to confirm the rise will be a rebound from the upper border of the bearish channel. The scenario can be canceled by a break of the lower boundary of the cloud, with the price finding a foothold below 1985, implying a further decline to 1935.
Brent Oil
Brent is testing resistance. The instrument is entering the Ichimoku cloud, which suggests a flat. A test of the lower border of the cloud at 76.05 is expected, followed by a rise to 80.45. The signal to confirm the rise will be a rebound from the upper border of the bearish channel. The scenario can be canceled by a break of the lower border of the cloud, with the price finding a foothold below 71.45, which would imply a further decline to 65.05. On the other hand, a breakout above the upper border of the bullish channel could confirm the bullish trend if the price finds a foothold above 79.45.
