GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2275 is expected, followed by a rise to 1.2505. An additional signal confirming the rise will 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 under 1.2105, which will mean a further decline to 1.2010.
XAU/USD, “Gold vs US Dollar”
Gold is rising upon breaking the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1870 is expected, followed by a rise to 1925. An additional signal confirming the rise will 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 under 1810, which will mean a further decline to 1720.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.6390 is expected, followed by a rise to 0.6525. An additional signal confirming the rise will 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 under 0.6330, which will mean a further decline to 0.6235. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the descending channel with the price securing above 0.6465.
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