trader77330

Analysis of GBPUSD in 1 hour timeframe with Ichimoku.

FX:GBPUSD   Pound Sterling/U.S. Dollar
Ichimoku 1 hour chart for GBPUSD             : The LS is in the cloud and price crossed the cloud while downtrend through a thin part of the cloud, and now price is under the TS             . Will LS encounter a resistance of the SSA             line of the cloud => That would induce a bouncing of the price on the TS             and confirm a bearish trend . If not = If LS can get over the SSA             line of the cloud then if the price cuts the TS             while going up then that would be confirmation of a, even for a short period of time, at least slight bullish trend .
After this forecast, the trend of GBPUSD wat slightly bullish. This was a probable trend thanks to my Ichimoku reading.

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I am neutral on this pair.
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