Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: the Bears tests new lows
Technical levels: support – 1.2920; resistance – 1.3040.
Trade recommendations:
- Sell — 1.3040; SL — 1.3060; TP1 — 1.2960; TP2 — 1.2920.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices have approached to July’s lows and may breakdown its.
Tatyana Norkina
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