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GBP/USD: pound keep staying inside Cloud

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Technical levels: support – 1.2700; resistance – 1.2860, 1.2940

Trade recommendations:

  1. Sell — 1.2940; SL — 1.2960; TP1 — 1.2860; T2 — 1.2800.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the prices keep staying inside a Cloud yet but the Bears may start attack.

02-gbpusdh4.png

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