GBP/USD: Ichimoku analysis (Mar. 28)
Tatiana Norkina, FBS
Daily. The pair held above the Ichimoku Cloud. Senkou Span A and B acted as support. From here the market rebounded to Tenkan and Kijun lines. However, the bearish correction is evidently not over: the "dead cross" remains active.
Chart. Daily GBP/USD
H4. The pair recovered right to the upper boarder of the Cloud and faced resistance there (1.6630). Market remains overbought. Prices stay in the Cloud. Next week we expect a consolidation and a decline to Tenkan and Kijun-sen.
Chart. H4 GBP/USD