GBP/CAD: Ichimoku indicators analysis - Обзоры экспертов БКС Форекс

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal.Confirmative line Chikou Span is below the price chart, current cloud is descending.

The instrument is trading around lower border of the cloud.One of the previous minimums of Chikou Span line is expected to be a support level (1.6920).

The closest resistance level is the upper border of the cloud (1.7182).On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed downwards.Confirmative line Chikou Span is below the price chart, current cloud is descending.