GBP/USD: breakdown of support

GBP/USD: breakdown of support

Technical levels: support – 1.3200, 1.3090; resistance – 1.3280.

Trade recommendations:

  1. Sell — 1.3190; SL — 1.3210; TP1 — 1.3090; TP2 — 1.3050.

Reason: expanding bearish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and  Kijun-sen; the prices are breakdown the main support of the Cloud and entered into the negative area.

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gbp

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Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.

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