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Ichimoku Cloud Analysis 17.02.2022 EURUSD, USDJPY, EURGBP

EURUSD, Euro vs US DollarEURUSD is trading at 1.1355; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 1.1375 and then resume moving downwards to reach 1.1185. 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 1.1445. In this case, the pair may continue growing towards 1.1535. To confirm further decline, the asset must break the rising channels downside border and fix below 1.1245.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 115.30; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds downside border at 115.20 and then resume moving upwards to reach 117.05. 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 114.45. In this case, the pair may continue falling towards 113.65. To confirm further growth, the asset must break the descending channels upside border and fix above 115.95.EURGBP, Euro vs Great Britain PoundEURGBP is trading at 0.8362; the instrument is moving below Ichimoku Cloud, thus indicating a descending…

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