FBS: trade recommendation for GBP/USD
Tatyana Norkina, FBS analyst
The pair has reached our target levels, mentioned in the previous report - 1.6160/80.
Ichimoku. The next bearish target lies at 1.6070. At the same time, Chinkou Span is in the oversold area. There is a risk of a bounce into the 1.6210/30 area. Descending Ichimoku remains strong on both timeframes: active dead crosses, widening clouds. In the near term we expect to see new losses.
Technical levels: support – 1.6070, 1.6160, 1.6180; resistance – 1.6230.
Sell— 1.6220; SL — 1.6240; TP1 — 1.6160; TP2 — 1.6070.