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GBPUSD: ICHIMOKU ANALYSIS FOR MAY 07, 2015

Posted on May 7, 2015 10:01

Great British Pound getting stronger since last two days, against the US dollar. Today in early EU session this pair give some correction and ticked down little, due to the résistance of SMA100 in h1 graph. 

Ichimoku cloud is indicating strong bullish trend for this pair in h1, and d1 graph. In daily graph senko span act as a good support for this pair near 1.5075 and ticked up. In h1 graph tenken sen has crossed Kijun sen and their crossover is also a good indication. Senko span B is below then Senko Span A and this is a clear bullish sign.

Presumably, the trend is strong bullish but in h4 graph this pair is facing a short resistance area near 1.5291 by Kijun Sen, if this level breaks then next expected target would be 1.5354.

Monday, 25 May, 2015 / 12:04

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Source : https://rinvestments.com/forex-forecast/gbpusd-ichimoku-analysis-for-may-07-2015.html

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