GBP/USD: going to 1Y-lows

GBP/USD: going to 1Y-lows

2019-11-11 • Updated

Technical levels: support – 1.3550, 1.3240; resistance – 1.3680.

Trade recommendations:

  1. Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for last three weeks.

02-gbpusdh4.png

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