USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has secured above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 149.35 is expected, followed by a rise to 151.25. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 148.55, which will mean a further decline to 147.65.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is testing the upper boundary of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the Tenkan-Sen line at 1.3640 is expected, followed by a rise to 1.3855. A signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.3575, which will mean a further decline to 1.3485.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is rebounding from the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.9105 is expected, followed by a decline to 0.8925. An additional signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.9165, which will mean further growth to 0.9255. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 0.9035.
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