GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2695 is expected, followed by a rise to 1.2840. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1.2650, which will mean a further decline to 1.2560. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price finding a foothold above 1.2785.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has left the boundaries of the corrective channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.3475 is expected, followed by a rise to 1.3665. An additional signal confirming the rise could 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 finding a foothold under 1.3405, which will mean a further decline to 1.3305.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.8625 is expected, followed by a rise to 0.8775. An additional signal confirming the rise could 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 finding a foothold under 0.8555, which will mean a further decline to 0.8465. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the descending channel with the price finding a foothold above 0.8690.
Source: Roboforex