Ichimoku Cloud Analysis 30.06.2020 (GBPUSD, USDRUB, USDJPY)

June 30, 2020

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2276; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2310 and then resume moving downwards to reach 1.2120. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2415. In this case, the pair may continue growing towards 1.2505.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”


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USDRUB is trading at 70.19; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 69.50 and then resume moving upwards to reach 71.15. Another signal in favor of further uptrend will be a formation of a Double Bottom reversal pattern. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 68.50. In this case, the pair may continue falling towards 67.05. To confirm further growth, the asset must break the resistance area and fix above 70.55, thus finishing the reversal pattern.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 107.76; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 107.55 and then resume moving upwards to reach 108.45. Another signal is favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 106.95. In this case, the pair may continue falling towards 106.05.

USDJPY

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.