No one believes in pound
Tatiana Norkina, FBS analyst
The Pound-Dollar has been showing a negative trend recently. The prices going down under the four-hour cloud has dramatically changed the attitude of the market participants to the British currency. It should be noted that the cloud has turned bearish and keeps expanding downwards. Given the dead cross presence, we can assume further downward trend development. At the same time, let us pay attention to the strong support in the 1.5200 area that can stop the bears.
Technical levels: support – 1.5200; resistance – 1.5310/20.
1. Sell — 1.5320; SL — 1.5340; TP1 — 1.5230; TP2 — 1.5200.