GBP/JPY Rebounding from Ichimoku Cloud Support
Versus the Japanese yen (JPY), the British pound (GBP) is seen rebounding from its Ichimoku Cloud Support on the H4 chart. Made up of the Leading Span A (light green at ¥192.77) and the Leading Span B (light orange at ¥190.90), the Ichimoku Cloud Support is seen sharing chart space with traditional support at ¥189.94 and a 50.0% retracement ratio at ¥189.86. However, a caveat is that the Conversion Line (blue at ¥192.77) is crossing below the Base Line (red at ¥192.77), indicating a potential bearish vibe.
Price Direction
Given that price recently closed north of ¥191.00, Ichimoku bulls will likely be watching for the Conversion Line to cross above the Base Line, a signal often used to enter long following a rebound from Ichimoku Cloud Support. Regarding upside targets, buyers may aim for ¥192.00 as an initial objective, followed by a close above the Conversion/Base Lines.
Price Direction
Given that price recently closed north of ¥191.00, Ichimoku bulls will likely be watching for the Conversion Line to cross above the Base Line, a signal often used to enter long following a rebound from Ichimoku Cloud Support. Regarding upside targets, buyers may aim for ¥192.00 as an initial objective, followed by a close above the Conversion/Base Lines.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.