GBP/USD: bears still got strength
Tatiana Norkina, FBS analyst
End of the past week's trades in the negative zone can give another chance for the major downtrend to continue. Indeed, with formation of a dead cross by the Tenkan and Kijun lines on the four-hour time frame, we see further expansion of the cloud downwards. Notably, Senkou Span A and B are directed downwards.
Oscillators sustain neutrality, but with an incline to the "south".
Therefore, prices fixing in the 1.5060/70 area can be considered a signal for sales resumption.
Technical levels: support – 1.5000; resistance – 1.5070.
1. Sell — 1.5050; SL — 1.5070; TP1 — 1.5000; TP2 — 1.4970.