FBS Markets Inc.

GBP/USD: pound returned to negative area

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Technical levels: support – 1.3340; resistance – 1.3400.

Trade recommendations:

  1. Sell — 1.3330; SL — 1.3350; TP1 — 1.3270; TP2 — 1.3210.
  2. Buy — 1.3370; SL — 1.3350; TP1 — 1.3470; TP2 — 1.3510.

Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are returned to negative area and now in consolidation below the Cloud.

02-gbpusdh4.png

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