GBP/USD: pound returned to bottom border of Cloud

GBP/USD: pound returned to bottom border of Cloud

2022-04-15 • Updated

Technical levels: support – 1.3080; resistance – 1.3180.

Trade recommendations:

  1. Sell — 1.3160; SL — 1.3180; TP1 — 1.3080; TP2 — 1.3010.

Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices returned to the Cloud, under the resistance of horizontal Senkou Span B and Kijun-sen.

02-gbpusdh4.png

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