GBP/USD: pound keep staying inside Cloud

GBP/USD: pound keep staying inside Cloud

Technical levels: support – 1.3060; resistance – 1.3160.

Trade recommendations:

  1. Sell — 1.3120/40; SL — 1.3160; TP1 — 1.3060; TP2 — 1.3010.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices keep staying inside a Cloud and may continue downtrend soon.

02-gbpusdh4.png

gbp

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