GBP/USD: bears got strength

GBP/USD: bears got strength

Technical levels: support – 1.3080; resistance – 1.3130, 1.3180.

Trade recommendations:

  1. Sell — 1.3130; SL — 1.3150; TP1 — 1.3080; TP2 — 1.3010.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen; the market returned to Tenkan-sen in a local correction movement.

02-gbpusdh4.png

gbp

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XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…

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