Pound weakened against dollar
Tatiana Norkina, FBS analyst
The British currency showed weakness against the American again during yesterday's trading. The bulls have failed to break through the 1.5460 resistance to the four-hour Ichimoku cloud upper border and, after yet another failed attempt, they decided to leave the market. As a result, the currency pair rate decreased to the cloud's lower border support, into the 1.5320/30 area, by the end of the day. The Tenkan and Kijun lines have cancelled the golden cross action, and the cloud is again expanding downwards, threatening with a bearish trend development. It might make sense to take the sellers' sides after the Tenkan and Kijun lines levels testing.
Technical levels: support – 1.5320; resistance – 1.5390.
1. Sell — 1.5390; SL — 1.5410; TP1 — 1.5290; TP2 — 1.5230.