GBP/USD: pound returned to Cloud

GBP/USD: pound returned to Cloud

2019-11-11 • Updated

Technical levels: support – 1.2850; resistance – 1.2915, 1.2950.

Trade recommendations:

  1. Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710.

Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and under the resistance of Senkou Span A.

02-gbpusdh4.png

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