Ichimoku Cloud Great Britain Pound vs US Dollar

Ichimoku Cloud Analysis 19.03.2015 (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 below Kumo Cloud (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is narrow and continues going down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay inside the cloud.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed, and the price is above the cloud. Short-term forecast: we can expect decline of the price.