GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is testing the Kijun-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2365 is expected, followed by a decline to 1.2245. 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 1.2410, which will mean further growth to 1.2505.
Brent
Brent is rising after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 87.80 is expected, followed by a decline to 83.65. 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 90.05, which will mean further growth to 91.95.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is rebounding from the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.3735 is expected, followed by a decline to 1.3635. 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 1.3770, which will mean further growth to 1.3860.
