GBP/USD: market is oversold

GBP/USD: market is oversold

Technical levels: support – 1.3140; resistance – 1.3215.

Trade recommendations:

  1. Buy — 1.3140; SL — 1.3120; TP1 — 1.3215; TP2 — 1.3270.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; a market on the main daily supports and oversold; waiting for correction.




Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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