Great Britain Pound vs US Dollar 24/3/15

Ichimoku Cloud Analysis 24.03.2015 (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 very close to each other inside Kumo Cloud (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span B, support from Senkou Span A – Tenkan-Sen – Kijun-Sen, and attempts of the price to stay above the cloud.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.