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GBP/USD: pound on new lows

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Technical levels: support – 1.3040; resistance – 1.3100, 1.3140.

Trade recommendations:

  1. Sell — 1.3100; SL — 1.3120; TP1 — 1.3040; TP2 — 1.2920.

Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market reached the new lows and now in correctional movement to the Tenkan-sen.

02-gbpusdh4.png

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