Pound at important level
Tatiana Norkina, FBS analyst
As expected, the GBP/USD currency pair has been trading inside the four-hour Ichimoku cloud recently. The bearish sentiment of the market participants, increasing since the middle of the past week, somewhat subsided after the pair felt support in the 53rd figure area. Let us remind you that here a poweful level has been formed by the cloud's lower border - Senkou Span B.
So far, this level has been held quite firmly. But a break through it would mean a rapid slide of the market under the 52nd figure. The bears would act, relying on the dead cross and the negative Ichimoku cloud.
Technical levels: support – 1.5300; resistance – 1.5400.
1. Sell — 1.5300; SL — 1.5320; TP1 — 1.5200; TP2 — 1.5170.