GBP/USD: bears can reach new lows

GBP/USD: bears can reach new lows

Technical levels: support – 1.2960, 1.2910; resistance – 1.3040, 1.3100.

Trade recommendations:

  1. Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.
  2. Buy — 1.2910; SL — 1.2890; TP1 — 1.3000; TP2 — 1.3040.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices on the strong support, but the Bears can breakdown it to 1.2910.

02-gbpusdh4.png

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