Ichimoku Cloud Analysis 09.09.2020 (USDJPY, BRENT, GBPUSD)
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 105.89 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 106.05 is expected, followed by falling to 105.45. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and securing above 106.35, which will mean further growth to 107.25.
BRENT
BRENT is trading at 39.74 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 40.45 is expected, followed by falling to 36.55. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and closing above 43.45, which will mean further growth to 45.55.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2953 under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud at 1.3045 is expected, followed by falling to 1.2720. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and securing above 1.3185, which will mean further growth to 1.3270.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.