GBP/USD: the Pound is under a cloud
The Pound was unable to overcome the resistance of Tenkan-Sen and Kijun-Sen during yesterday's session. Bounced from 1.3270 the market has continued decreasing and reached the levels of the Ichimoku clouds lower border. Today's trading is in the negative zone and the Bulls have a less and less chances for the correction to 1.4000. In the near future the bearish sentiment on the market will remain. Under the influence of the dead cross and the Ichimoku cloud the prices could fall to 1.2930.
Technical levels: support – 1.2930; resistance – 1.3130/50.
1. Sell — 1.3150; SL — 1.3170; TP1 — 1.2930; TP2 — 1.2860.