Pound remaining inside cloud
Tatiana Norkina, FBS analyst
As expected, the pound was trading within the four-hour Ichimoku cloud yesterday. The bears increased the pressure on the British currency which resulted in the rate's decline against the dollar intho the cloud's lower border area. Today, support is still provided by Senkou Span A that is not letting the sellers into the negative zone. A break through this support would mean a quick change of the trend for the downward.
Technical levels: support – 1.5340; resistance – 1.5450.
1. Sell — 1.5450; SL — 1.5470; TP1 — 1.5340; TP2 — 1.5300.