The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
GBP/USD: pound near daily support
2019-11-11 • Updated
Technical levels: support – 1.3290, 1.3240; resistance – 1.340.
- Sell — 1.3340; SL — 1.3360; TP1 — 1.3290; TP2 — 1.3240.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; pound made a new lows, but the main Bear’s targets are lower.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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