The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.
GBP/USD: pound testing SSA’s resistance
2019-11-11 • Updated
Technical levels: support – 1.3500, 1.3450, 1.3240; resistance – 1.3660.
- Buy — 1.3580; SL — 1.3560; TP1 — 1.3630; TP2 — 1.3660.
- Sell — 1.3520; SL — 1.3540; TP1 — 1.3450; TP2 — 1.3380.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the continue testing the Cloud’s resistance.
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