GBP/USD: pound testing SSB’s resistance

GBP/USD: pound testing SSB’s resistance

2019-11-11 • Updated

Technical levels: support – 1.3310; resistance – 1.3400.

Trade recommendations:

  1. Sell — 1.3390; SL — 1.3410; TP1 — 1.3310; TP2 — 1.3280.

Reason: narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with a rising lines; the market keep staying inside a Cloud, but there is a strong resistance of Senkou Span B on 1.4000.

02-gbpusdh4.png

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