Ichimoku Cloud Analysis 02.12.2020 (EURUSD, GBPJPY, LTCUSD)

USDJPY, “US Dollar vs Japanese Yen”

EURUSD is trading at 1.2074 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 1.2035 is expected, followed by growth to 1.2215. An additional signal confirming the growth will be a bounce off the upper border of the ascending channel: as a rule, this might predict growth for the width of the channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 1.1835, which will mean further decline to 1.1745.

GBPJPY, “Great Britain Pound vs Japanese Yen”

GBPJPY is trading at 140.13 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 139.25 is expected, followed by growth to 141.95. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 138.15, which will mean further decline to 137.05.

LTCUSD, “Litecoin vs US Dollar”

LTCUSD is trading at 86.71 above the Ichimoku Cloud, suggesting an uptrend. A test of the lower border of the Cloud near 82.65 is expected, followed by growth to 101.05. An additional signal confirming the growth will be a bounce off the lower border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 78.25, which will mean further decline to 67.05. The growth will be confirmed by a breakaway of the upper border of the Triangle and securing above 93.55.