Short term trend: Bearish
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.5665
Kijun-Sen level: 1.5659
Ichimoku cloud top: 1.5630
Ichimoku cloud bottom: 1.5609
GBP/USD is retreating after making high of 1.56936 and overall trend is weak as long as resistance 1.5726 holds.
The pair’s minor support is around 1.5620 and break below will target 1.5585/1.5505.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Buy
Recommendation: Sell GBP/USD around 1.5650, SL 1.5726, Target 1.5585/1.5505.
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.5665
Kijun-Sen level: 1.5659
Ichimoku cloud top: 1.5630
Ichimoku cloud bottom: 1.5609
GBP/USD is retreating after making high of 1.56936 and overall trend is weak as long as resistance 1.5726 holds.
The pair’s minor support is around 1.5620 and break below will target 1.5585/1.5505.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Buy
Recommendation: Sell GBP/USD around 1.5650, SL 1.5726, Target 1.5585/1.5505.