FBS: trade recommendation for GBP/USD
Tatyana Norkina, FBS analyst
Support at $1.6025 stopped the bears which were active for two days in a row.
Ichimoku indicator. However, the decline to this level may be critical, because at H4 the currency pair was once again in the negative zone, below the Ichimoku Cloud.
On H1 the pair has also made its way under the Cloud. Consolidation below resistance of $1.6085/1.6100 may increase the bearish sentiment and make the prices fall to $1.5960/80.
Technical levels: support - $1.6025, $1.5960/80; resistance - $1.6085, $1.6100.
1. Sell - $1.6085; SL - $1.6105; TP1 - $1.5980; TP2 - $1.5960.