GBP/USD: Ichimoku analysis (Apr. 25)
Tatiana Norkina, FBS analyst
Daily. The pair spent thw week above the Tenkan-sen line, consolidating around the $1.6800 round figure. Bulls were unwilling to push forward - the market is overbought. Ichimoku indicator is positive, though: bullish Cloud, active golden cross, formed by Tenkan and Kijun lines.
Chart. Daily GBP/USD
H4. Ichimoku cloud shows the bulls' weakness. Tenkan and Kujun lines formed a dead cross that may push the pair down into the Cloud. Near-term support lies at $1.6730.
Chart. H4 GBP/USD