GBP/USD has exited the Triangle pattern. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2425 is expected, followed by a decline to 1.2275. An additional signal confirming the decline will be a rebound from the lower boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price securing above 1.2570, indicating a further rise to 1.2660. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bearish channel, with the price gaining a foothold below 1.2345.
Brent is declining following a rebound from the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Cloud’s lower boundary at 89.65 is expected, followed by a decline to 83.85. An additional signal confirming the decline could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the Cloud’s upper boundary, with the price securing above 91.55, indicating further growth to 94.05.
USD/JPY is testing the support area. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 154.05 is expected, followed by a rise to 155.95. An additional signal confirming the rise might 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 below 152.05, which will indicate a further decline to 151.05. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price gaining a foothold above 154.85.
