GBP/USD: pound reached 1.2900
Technical levels: support – 1.2860; resistance – 1.2920.
Trade recommendations:
- Sell — 1.2920; SL — 1.2940; TP1 — 1.2860; TP2 — 1.2800.
Reason: expanding bearish Ichimoku Cloud but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market continue downtrend and reached main daily support on 1.2900, but the Bears looks strong.