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[QUOTE="AlexanderLiteForex, post: 48396, member: 22090"] [b]Forex: Ichimoku Clouds. Review of GBPUSD[/b] [b]GBPUSD, H4[/b] On the four-hour chart Tenkan-sen line is above Kijun-sen, and they are both horizontal. Chinkou Span line is above the price chart, current Kumo is ascending. Since last week the pair has been rising strongly. Tenkan-sen (1.5320) and Kijun-sen (1.5231) lines are support levels. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 1.5433. [img]http://www.liteforex.com/uploads/other/238c7bcb1915c128d4912c50bc8067c3.png[/img] [b]GBPUSD, D1[/b] Let’s look at the daily chart. Last week Tenkan-sen line is below Kijun-sen line and they are directed towards each other. Chinkou Span is approaching the price chart from below. After considerable fall the pair reversed, broke through Tenkan-sen and Kijun-sen lines and hit flat bottom of the cloud. Senkou Span B line becomes a strong resistance level at 1.5379. Kijun-sen line is the closest support level at 1.5268. [img]http://www.liteforex.com/uploads/other/e2c6d9aacdd8b06399b6ccbc4c0cc661.png[/img] [b]Key levels[/b] Support levels: 1.5320, 1.5231, 1.5268. Resistance levels: 1.5433, 1.5379. [b]Trading tips[/b] On the four-hour chart we can see a development of upwards movement. Long trades can be opened with Take Profit orders at 1.5433. On the daily chart the price has slowed down before flat bottom of the cloud. The breakthrough of this level will produce a signal to buy. However if the price bounce off this line, the pair will go down to 1.5268. [i]Anastasiya Glushkova Analyst of LiteForexGroup of Companies[/i] [/QUOTE]
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