GBP/USD: pound updated October’s lows

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Technical levels: support – 1.2660; resistance – 1.2750.

Trade recommendations:

  1. Sell — 1.2750; SL — 1.2770; TP1 — 1.2700; TP2 — 1.2660.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is oversold, expecting correction to Tenkan-sen.

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