GBP/USD: Ichimoku alalysis (May 30)
Tatyana Norkina, FBS analyst
Daily. The British currency corrected towards the upper border of the Ichimoky, to the 1.6700 support. The bears took control over the pair due to the "dead cross"(С). In the near term we expect a rebound to Tenkan-sen.
Chart. Daily GBP/USD
H4. The picture looks less dramatic on the H4 chart. The pair looks oversold now. Short-term indicators are headed to the downside, signaling a further decline of the market. However, before that we expect a bullish correction to Kijun-sen (KS).
Chart. H4 GBP/USD