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 on support of Tenkan-Kijun
2019-11-11 • Updated
Technical levels: support – 1.2900; resistance – 1.2960.
1. Buy — 1.2900; SL — 1.2880; TP1 — 1.2950; TP2 — 1.2980.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of the lines Tenkan-sen and Kijun-sen; the market is in consolidation, may go lower to the Cloud.
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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