Pound updated lows
Tatiana Norkina, FBS analyst
The British currency keeps losing against the American. The GBP/USD currency pair has updated November lows this morning, sliding to the 1.5014 mark at the trading opening. The downward trend is obvious to continue in the future since all Ichimoku indicator lines are set to fall. The dead cross formed by the Tenkan and Kijun lines at the beginning of the previous week is active. The Ichimoku cloud is expanding downwards. Short-term recoveries into the 1.5050 area are possible.
Technical levels: support – 1.5000, 1.5010; resistance – 1.5050, 1.5070.
1. Sell— 1.5050; SL — 1.5070; TP1 — 1.5000; TP2 — 1.4970.