GBP/USD: pound has no strength
Technical levels: support – 1.2660; resistance – 1.2800, 1.2780.
Trade recommendations:
- Sell — 1.2780; SL — 1.2800; TP1 — 1.2700; TP2 — 1.2660.
Reason: irregular bearish Ichimoku Cloud with rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are bounced from the Cloud’s resistance and continue existing downtrend.