GBPUSD H1: The Ichimoku Forecast for the Asian Session on 22.1.2025
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is above the Tenkan and the Kijun lines. It may indicate an upcoming shift in market direction.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
Dynamic support levels are on the Tenkan line, around the 1.22859, the SenkouA line, at the 1.22467, and the SenkouB line, around the 1.22416.
The dynamic resistance level is on the Kijun line, around the 1.22866 mark.