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Ichimoku Cloud Analysis 11.05.2022 GBPUSD, USDJPY, XAUUSD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may retest TenkanSen and KijunSen at 1.2385 and then resume moving downwards to reach 1.1965 Another signal in favour of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.2545. In this case, the pair may continue growing towards 1.2635. To confirm further decline, the asset must break the bearish channels downside border and fix below 1.2145.USDJPY, US Dollar vs Japanese YenUSDJPY is correcting within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 130.05 and then resume moving upwards to reach 132.65. Another signal in favour of a further uptrend will be a rebound from the rising channels downside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 128.45. In this case, the pair may continue falling towards 127.55.XAUUSD, Gold vs US DollarXAUUSD is rebounding from the bearish channels downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending…

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