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GBP/USD: consolidation inside a channel

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Technical levels: support – 1.2750; resistance – 1.2900.

Trade recommendations:

  1. Sell — 1.2900; SL — 1.2920; TP1 — 1.2800; TP2 — 1.2750.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market corrected to the channel Tenkan-Kijun; waiting for the bounce from Kijun-sen.

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