GBP/USD: pound will continue downtrend
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
EUR/USD: euro entered into Cloud
Technical levels: support – 1.0820; resistance – 1.0940, 1.0980.
Trade recommendations:
- Buy — 1.0820; SL — 1.0800; TP1 — 1.0940; TP2 – 1.0980.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen; the prices are entered into the cloudy area and would be supported by Senkou Span B.
Tatyana Norkina
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Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
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