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GBP/USD: Bear’s market is coming

GBP/USD: Bear’s market is coming

Technical levels: support – 1.3060; resistance – 1.3140.

Trade recommendations:

  1. 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.

02-gbpusdh4.png

gbp

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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