6:26 PM
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku CLOUD is still going down (2), and the price couldn’t stay above Tenkan-Sen and right now is moving below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo CLOUD again and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku CLOUD is heading down, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen and Senkou Span A.
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