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GBP/USD: pound reached 1.2900

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Technical levels: support – 1.2860; resistance – 1.2920.

Trade recommendations:

  1. Sell — 1.2920; SL — 1.2940; TP1 — 1.2860; TP2 — 1.2800.

Reason: expanding bearish Ichimoku Cloud but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market continue downtrend and reached main daily support on 1.2900, but the Bears looks strong.

02-gbpusdh4.png

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