GBP/USD: pound is inside a channel Tenkan-Kijun

GBP/USD: pound is inside a channel Tenkan-Kijun

2019-11-11 • Updated

Technical levels: support – 1.3760; resistance – 1.3830.

Trade recommendations:

  1. Buy — 1.3760; SL — 1.3740; TP1 — 1.3830; TP2 — 1.3880.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market had entered into the channel Tenkan-Kijun and may correcting to the Kijun’s levels.

02-gbpusdh4.png

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