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Ichimoku Cloud Analysis 20.08.2021 EURJPY, GBPUSD, EURGBP

EURJPY, Euro vs Japanese YenEURJPY is trading at 128.11; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the resistance level at 128.35 and then resume moving downwards to reach 126.95. Another signal in favor of a further downtrend will be a rebound from the descending channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 129.45. In this case, the pair may continue growing towards 130.35.GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3617; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.3655 and then resume moving downwards to reach 1.3485. Another signal in favor 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 1.3845. In this case, the pair may continue growing towards 1.3935.EURGBP, Euro vs Great Britain PoundEURGBP is trading at 0.8576; 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 0.8535 and then resume moving upwards to reach 0.8635. Another signal in favor of a further uptrend will be a rebound from…

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