Daily Current Analysis

GBP/USD: correction to Tenkan-sen

Trade recommendations:
1. Sell — 1.2390; SL — 1.2410; TP1 — 1.2320; TP2 — 1.2300.

Technical levels: support – 1.2360; resistance – 1.2390.

Reason: bearish character of Ichimoku Cloud, falling Senkou Span A; a dead cross of falling Tenkan-sen and Kijun-sen; the prices are in the correction to Tenkan-sen; canceling the market’s oversold.

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