GBP/USD: pound may continue downtrend

GBP/USD: pound may continue downtrend

Technical levels: support – 1.3760; resistance – 1.3860.

Trade recommendations:

  1. Sell — 1.3840; SL — 1.3860; TP1 — 1.3760; TP2 — 1.3710.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span A but the Bears looks strong.

02-gbpusdh4.png

gbp

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Important levels for CHF/JPY

CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.

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