Tatiana Norkina, FBS analyst
The recent bearish pressure on the British currency has had its consequences. During yesterday's trading, the GBP/USD currency pair has tumbled into the 54th figure area, breaking through the 1.5550 support of the four-hour Ichimoku cloud lower border.
During this period, the cloud has changed its character to downward, clearly defining the bearish trend in the market. The dead cross formed by the Tenkan and Kijun lines a week earlier is active as well.
Under such circumstances, we are obvious to expect further decline of the currency pair rate, up until the 53rd figure.
Technical levels: support – 1.5320, 1.5270; resistance – 1.5450, 1.5500.
1. Sell — 1.5420; SL — 1.5450; TP1 — 1.5320; TP2 — 1.5270.