GBP/USD: bears are still strong
By Tatyana Norkina
The oscillators went up: it means that the short-term trend reversed to the upside.
At the same time, the readings of the Ichimoku indicator are not bullish: the Cloud is expanding down, while the Dead Cross is strengthened by the falling Tenkan-sen (red line). As a result, the downtrend will likely continue. Kijun-sen (blue line) will provide strong resistance.
Technical levels: Support - 1.5830, 1.5850; resistance - 1.5900.
1. Sell - 1.5900; SL - 1.5930; TP1 - 1.5850; TP2 - 1.5830.