GBP/USD: pound may go lower

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Technical levels: support – 1.3850; resistance – 1.3950.

Trade recommendations:

  1. Buy — 1.3900/20; SL — 1.3880; TP1 — 1.4050; TP2 — 1.4100.
  2. Sell — 1.3880; SL — 1.3900; TP1 — 1.3750; TP2 — 1.3680.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are on Senkou Span B’s support, but the Bears have a strength.

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