Pound remains under pressure

Tatyana Norkina, analytic for company FBS

As we expected, at the end of last week, the bears stepped up the pressure and struck down the four-hour Ichimoku cloud support. By the end of the week the pair tested the support area 1.5450 / 60, then the short-corrected to the Tenkan and Kijun lines. Lastly, this morning, a dead cross was formed, supporting the bears and the pair resumed to decrease.

It should be noted that the main trend may change : Senkou Span A and B crossed and began to change the character of clouds on the downlink. Therefore, we expect perspective in the near future, to be a bearish sentiment. 

Technical levels: support - 1.5450 / 60 ; Resistance - 1.5520 , 1.5580.

Trading recommendations:1. Sale - 1.5500; SL - 1,5520; TP1 - 1.5450; TP2 - 1.5400.

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