GBPJPY analysis 23 AGU 16 : Ichimoku clouds

GBPJPY analysis 23 AGU 16 Ichimoku clouds

Let’s check up on the four-hour chart. Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, because the red one remains horizontal. Verifying line Chikou Span is on top of the value chart GBPJPY analysis 23 AGU 16,  the current cloud goes to reverse from descending to ascending. The instrument is trading round the upper border of the cloud. The nearest support level is that the higher border of the cloud (131.59). one among the previous maximums of the Chikou Span line is predicted to be a resistance level (132.03).

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