GBP/USD: pound testing SSA’s resistance

GBP/USD: pound testing SSA’s resistance

2019-11-11 • Updated

Technical levels: support – 1.3500, 1.3450, 1.3240; resistance – 1.3660.

Trade recommendations:

  1. Buy — 1.3580; SL — 1.3560; TP1 — 1.3630; TP2 — 1.3660.
  2. 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.

02-gbpusdh4.png

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