GBP/USD: pound inside Cloud yet

GBP/USD: pound inside Cloud yet

2019-11-11 • Updated

Technical levels: support – 1.2700, 1.2860; resistance – 1.2920

Trade recommendations:

  1. Sell — 1.2840; SL — 1.2860; TP1 — 1.2800; T2 — 1.2750.

Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun; the Bulls tried to break the SSB’s resistance but failed.

02-gbpusdh4.png

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