GBP/USD: pound returned to Cloud

GBP/USD: pound returned to Cloud

Technical levels: support – 1.3040; resistance – 1.3215.

Trade recommendations:

  1. Sell — 1.3170/80; SL — 1.3200; TP1 — 1.3070; TP2 — 1.3040.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span; a dead cross of Tenkan-sen and Kijun-sen; the prices returned to resistance of Senkou Span A, but may continue existing downtrend.

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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

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