GBP/USD: pound returned to minimums of last week

GBP/USD: pound returned to minimums of last week

Technical levels: support – 1.3100; resistance – 1.3150.

Trade recommendations:

  1. Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen.

02-gbpusdh4.png

gbp

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Narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.

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