GBP/USD: pound will continue downtrend
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
GBP/USD: bears will test SSB’s support
Technical levels: support – 1.3900/20; resistance – 1.4100.
Trade recommendations:
- Buy — 1.3900/20; SL — 1.3880; TP1 — 1.4050; TP2 — 1.4100.
Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the narrow channel Tenkan-Kijun; the prices are falling down to Senkou Span B’s support.
Tatyana Norkina
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