GBP/USD: pound keep staying under SSA’s resistance

GBP/USD: pound keep staying under SSA’s resistance

Technical levels: support – 1.3450, 1.3380, 1.3240; resistance – 1.3540.

Trade recommendations:

  1. Sell — 1.3540; SL — 1.3560; TP1 — 1.3450; TP2 — 1.3380.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new, but weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls can’t brake through the Cloud’s resistance and may continue existing downtrend.

02-gbpusdh4.png

gbp

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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