The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
GBP/USD: market is oversold
2019-11-11 • Updated
Technical levels: support – 1.3140; resistance – 1.3215.
- 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.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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