GBP/USD: the Bears are tired

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Technical levels: support – 1.3550/60, 1.3240; resistance – 1.3660.

Trade recommendations:

  1. Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
  2. 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.

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