Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal
GBP/USD: pound supported by SSB
Technical levels: support – 1.3030; resistance – 1.3140.
- Buy — 1.3040; SL — 1.3020; TP1 — 1.3110; TP2 — 1.3140.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud but supported by Senkou Span B.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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