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!
GBP/USD: pound returned to Cloud’s resistance
2019-11-11 • Updated
Technical levels: support – 1.2910; resistance – 1.3040, 1.3100.
- Sell — 1.3000; SL — 1.3020; TP1 — 1.2910; TP2 — 1.2850.
Reason: bearish Ichimoku Cloud but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices returned to bottom border of the Cloud – Senkou Span B; there is a strong resistance, waiting for downward bounce.
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