Ichimoku Cloud Analysis 16.03.2015 (GBP/USD)

FXTM Online Analysis Department.

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is still below the lines. Short-term forecast: we can expect decline of the price and then a correction towards the cloud’s lower border.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down, and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.