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.