Pound trying to recover
Tatiana Norkina, FBS analyst
This morning, the British currency is going strong against the American. Taking advantage of the horizontal Tenkan and Kijun lines support at 1.5170, the bulls have gone on the offensive again. At the moment, they are trying to break into the cloud area through the lower border resistance - Senkou Span A. If they got luck, we do not rule out testing of the cloud's upper border levels in the short term. At the same time, the bulls' way to 1.5380 contains a great number of resistance levels that may reverse the market downwards any time.
Technical levels: support – 1.5170; resistance – 1.5230, 1.5250, 1.5280.
Trade recommendations: out of market.