GBP/USD: falling into cloudy area

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Technical levels: support – 1.3990; resistance – 1.4090.

Trade recommendations:

  1. Buy — 1.3990; SL — 1.3970; TP1 — 1.4155; TP2 — 1.4225.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered inside a Cloud and can test the support of Senkou Span B.

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