Bearish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are entered into cloudy area and may continue growing up.
GBP/USD: pound bounced from Kijun
Technical levels: support – 1.3535; resistance – 1.3590.
- Buy — 1.3540; SL — 1.3420; TP1 — 1.3590; TP2 — 1.3650.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; a market is overbought, but the prices are on the support of Tenkan and Kijun.
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We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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