Ichimoku Outlook. Support Around 1,52 (4 Week Low)

FX:GBPUSD   British Pound / U.S. Dollar
98 0 3
Price has bounced off the upper Kumo Cloud which was also
a previous congestion low, and is now closing in on lower
Kumo Cloud resistance. A break and close below the cloud
will be a trendshift but not a sell signal, as the lagging span
(green line) is above price and a bullish TK             cross/Kumo twist
is in play. Considering this, chances are we will see a bounce
off the lower cloud if it is reached. Only a long red candle break
of the cloud will question this bias.

However, a break of the 1,5195 level (4 week low) will give a
trend following sell signal, which would place a stop 2ATR20
above that level (210 pips). The 4 week low is approximately
the same level as the current lower Kumo Cloud support.
The 210 pip stop will be just above the Kumo Cloud.

Thus, the picture is a bit mixed with overall bearish bias.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out