GBP/USD: pound is under strong resistance

GBP/USD: pound is under strong resistance

Technical levels: support – 1.2530; resistance – 1.2550, 1.2590.

Trade recommendations:

1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought.

gbp

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EUR/USD: euro updated lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

eur

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...

gbp

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