GBP/USD: the Bears are tired
Technical levels: support – 1.3550/60, 1.3240; resistance – 1.3660.
Trade recommendations:
- Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
- Buy — 1.3580; SL — 1.3560; TP1 — 1.3660.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal; the prices are on the new lows, but daily market is extremely oversold.