Home Analysis Ichimoku Kinko Hyo – GBPUSD, GBPJPY, AUDUSD – April 6th

Ichimoku Kinko Hyo – GBPUSD, GBPJPY, AUDUSD – April 6th

GBPUSD

Yesterday’s try of continuation of gains on GBPUSD stopped on Tenkan-sen, Kijun-sen and (5/8) 1.4282. Today we have another test of neckline of potential H&S pattern. It is set by Kumo low 1.4127 and March 16^th low 1.4052. If GBPUSD will break this area we have open way to (0/8) 1.3672.

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GBPJPY

After generating sell signal on last Friday GBPJPY reached (2/8) 156.25 support. This level stopped bearish trend line once already in the end of February so there is a possibility of going back to (3/8) 159.37 line. As long as GBPJPY stays below this level the most probable scenario is continuation of bearish trend to (0/8) 150.00.

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AUDUSD

There is a correction of bullish trend over here as long as the chart stays below Kijun-sen 0.7557. Next support level is set by (5/8) 0.7446 line. Breaking Tenkan-sen 0.7607 resistance will be another buy signal with range to (8/8) 0.7812.

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