GBP/USD: the Pound has corrected
On yesterday’s session the Bears attempted the resumption of downtrend. The negative sentiment supported by a dead cross and a falling cloud. But the oversold market is not allowed for sellers to update the lows of a last week. A falling has stopped in the area of 1.2850 and the market has began correction in the direction of the clouds.
At this morning we’re seeing testing the lower bounds of the Ichimoku cloud. We expect a downward rebounding from Senkou Span A.
Technical levels: support – 1.2970; resistance – 1.3100.
1. Sell — 1.3100; SL — 1.3120; TP1 — 1.3000; TP2 — 1.2970.