GBP/USD: pound returned to SSB

2018-02-14 16:00    FBS

Technical levels: support – 1.3770; resistance – 1.3900.

Trade recommendations:

  1. Sell — 1.3880; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
  2. Buy — 1.3920; SL — 1.3900; TP1 — 1.3990; TP2 — 1.4040.

Reason: bearish Ichimoku Cloud with rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are in the negative area and had returned to SSB’s resistance.

GBP/USD: pound returned to SSB Market Analysis

GBP

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