What to Trade on July 11-15?
The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.
GBP/USD: Bear’s market is coming
2019-11-11 • Updated
Technical levels: support – 1.3060; resistance – 1.3140.
Trade recommendations:
- Sell — 1.3100; SL — 1.3120; TP1 — 1.3060; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices exited into negative area and ready to continue daily downtrend.
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