Daily Technical Analysis

GBP/USD: correction to Senkou Span B

Technical levels: support – 1.2430; resistance – 1.2535.

Trade recommendations:

1. Sell — 1.2535; SL — 1.2555; TP1 — 1.2430; TP2 — 1.2400.

Reason: an Ichimoku Cloud changed its mood to bearish; falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen and falling Tenkan-sen; a strong resistance of Senkou Span B; the prices are in the correction to Senkou Span B.

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