Daily Current Ananlysis

GBP/USD: consolidation on Tenkan-sen

Trade recommendations:

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

Technical levels: support – 1.2350; resistance – 1.2390, 1.2410.

Reason: bearish character of Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; falling Tenkan-sen; the prices are inside of the channel of Tenkan-Kijun.

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