AUD/JPY:
Currency pair is in sideway trend, giving Ichimoku buy signals, but not developing the trend. Currently, the price once again is approaching the cloud and it may be another buy signal. Any long position will be characterized by a small SL – it might help in achieving a favorable risk-to-return ratio. Let’s take a look at D1 chart:
AUD/JPY D1:
Yesterda’s canlde rebounded perfectly from Senkou Span B, which is the lower limit of the upward cloud. It was also technical support and the clear, demand-like candle show growth willingness on the Australian dollar to Yen.
GBP/CHF:
Currency pair is under downward cloud and rebounded for it for the second time. If this would create a false upward breakout and return to the Kumo short positions should be considered.
GBP/USD:
Price approached the support today and rebounded from it. The Ichimoku situation is not clear, because the Cinkou Span is under the price. On Monday, however, we may see a cloud breakout – with proper positioning of that line it will be occasion to open long positions.
