Pound losing ground
Tatiana Norkina, FBS analyst
The GBP/USD currency pair has continued the Friday's downward rally today. The prices exit below the four-hour Ichimoku cloud would have nothing but bad influence on the British currency. In addition, the Tenkan and Kijun lines have already set for the Golden cross cancellation and are likely to form a Dead cross afterwards. We are also seeing the cloud's bearish character intensify. We do not rule out the possibility that the pair will recover to the cloud's lower border in the near future and that these levels will bring even more bears to the market.
Technical levels: support – 1.5140; resistance – 1.5200.
1. Sell — 1.5180; SL — 1.5200; TP1 — 1.5085; TP2 — 1.5055.