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GBP/USD: the Bears still active

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Technical levels: support – 1.2800, 1.2750; resistance – 1.2860.

Trade recommendations:

  1. Sell — 1.2860; SL — 1.2880; TP1 — 1.2800; TP2 — 1.2750.

Reason: expanding bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market continues downtrend and reached new lows on 1.2780; the Bears feels good and may be active in the next days.

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