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Ichimoku Cloud Analysis 12.01.2022 GBPUSD, XAUUSD, USDCHF

GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3639; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.3605 and then resume moving upwards to reach 1.3730. 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 1.3560. In this case, the pair may continue falling towards 1.3565.XAUUSD, Gold vs US DollarXAUUSD is trading at 1819.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 1800.00 and then resume moving upwards to reach 1855.00. Another signal in favour of a further uptrend will be a rebound from the downside border of a Head Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1790.00. In this case, the pair may continue falling towards 1765.00. To confirm further growth, the asset must break the resistance level and fix above 1825.00. This movement may lead to the completion of the abovementioned pattern.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9236; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could…

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