GBP/USD Forecast: pound on October’s lows

gbp-l2Technical levels: support – 1.2920; resistance – 1.3000.

Trade recommendations:

  1. Sell — 1.3000; SL — 1.3020; TP1 — 1.2950; TP2 — 1.2920.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the market continue downtrend and reached 4W lows.

02-gbpusdh4.png

Leave a Reply