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Ichimoku Cloud Analysis: GBP/USD, Gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for January 27th, 2016 GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is very narrow and continues heading down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud, between D Kijun-Sen and D Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay above the cloud. GBP USD, Time Frame

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