Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
GBP/USD: pound may continue downtrend
2019-11-11 • Updated
Technical levels: support – 1.3140; resistance – 1.3180.
- Sell — 1.3180; SL — 1.3200; TP1 — 1.3140; TP2 — 1.3040.
Reason: irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the Bears got a strength and want to continue main daily downtrend.
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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