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Ichimoku Cloud Analysis 13.02.2023 (GBPUSD, AUDUSD)
13-Feb-2023 11:10:39
GBPUSD
GBPUSD is going inside the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2100 is expected, followed by falling to 1.1835. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2230, which will mean further growth to 1.2225.
AUDUSD
AUDUSD is pushing off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6940 is expected, followed by falling to 0.6765. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.7025, which will mean further growth to 0.7115.
