GBP/USD: Bear’s market is coming

GBP/USD: Bear’s market is coming

2019-11-11 • Updated

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

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