GBPUSD H1: The Ichimoku Forecast for the American Session on 9.12.2024

Analyzing previous trading sessions, it is worth paying attention to the intersection of the Tenkan and Kijun lines, marked with a pink square. The fast Tenkan line fell below the Kijun line, which usually signals a change in trend to a downward one. However, later the price rose above the Tenkan line, which indicates the weakness of the downward impulse.
The second important signal is a change in the color of the Kumo cloud, which is marked with a vertical purple line on the graph . The appearance of a lilac color in the cloud indicates a change in the priority direction of movement to downward.
The current situation:
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The price is currently above the Tenkan and the Kijun lines. It indicates a temporary slowdown in movement and a potential price consolidation.
Now the Kumo cloud is tinted lilac, which indicates a possible change in price dynamics in a negative direction.
Currently, the Kumo cloud lines represent a dynamic support area for price.
The Chinkou line, which displays the closing price with a lag of 26 periods, is above the current price.
Trading recommendations:

Dynamic support levels are on the Tenkan line, around the 1.27497, the SenkouA line, at the 1.27504, and the SenkouB line, around the 1.27015.
The dynamic resistance level is on the Kijun line, around the 1.27637 mark.
The main Ichimoku system indicators prioritize searching for entry points into short positions, on a price rollback to the resistance levels.