GBPUSD: Ichimoku analysis (May 23)
Tatiana Norkina, FBS analyst
Daily. This week the currency pair recovered its positions, approaching 1.6900. However, Tenkan and Kijun sen lines formed a dead cross. Despite the bullish character of the Cloud, we don't recommend buying the pair in the medium term.
Chart. Daily GBP/USD
H4. Bulls dominate the market these days: the pair recovered above the Cloud. The Cloud itself turned bullish – Senkou Span A is moving up. What's more, the golden cross (С) actualized. There is a chance for further growth, but we need to keep the strong 1.6915-1.6940 resistance in mind.
Chart. H4 GBP/USD