Forex: Ichimoku Clouds. Overview GBP / USD
four-hour graph. Tenkan-sen line is above the Kijun-sen, both of which are horizontal. Chinkou Span line is located above the price chart, current
cloud – upward. The pair continues the upward movement with almost no corrections. The closest
Support level is Tenkan-sen line (1.5403). The estimated level of resistance – one of
maxima previous line Chinkou Span (1.5583).
On the daily chart
Tenkan-sen line also is above Kijun-sen, both lines are directed upwards. Line
Span crossed the price chart from the bottom up,
current cloud is still descending. The pair entered the cloud and is committed to its
upper boundary (1.5597). The lower limit of the cloud is the nearest support
Support: 1.5403, 1.5368.
Resistance: 1.5583, 1.5597.
On the 4-hour
graph line indicator confirms the strong upward trend in the afternoon –
the pair entered the cloud. It is recommended to open a buy position with the targets 1.5583
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