GBP/USD: pound keep staying inside Cloud
Technical levels: support – 1.3060; resistance – 1.3160.
Trade recommendations:
- Sell — 1.3120/40; SL — 1.3160; TP1 — 1.3060; TP2 — 1.3010.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices keep staying inside a Cloud and may continue downtrend soon.