Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.5689
Kijun-Sen level: 1.5668
Ichimoku cloud top: 1.5662
Ichimoku cloud bottom: 1.5680
GBP/USD is facing strong hurdle around 1.5760 and any intraday trend reversal only above that level. On the upper side break of 1.5760 will target 1.5825.
The pair’s minor resistance is around 1.5725 and break of will take the pair to 1.5760.The minor support is around 1.5620 and any break would extend loss to 1.5585/1.5522 (100% projection of 1.58247 to 1.55840 from 1.57629).
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell GBP/USD around 1.56735-40, SL 1.5726, Target 1.55840/1.5525.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.5689
Kijun-Sen level: 1.5668
Ichimoku cloud top: 1.5662
Ichimoku cloud bottom: 1.5680
GBP/USD is facing strong hurdle around 1.5760 and any intraday trend reversal only above that level. On the upper side break of 1.5760 will target 1.5825.
The pair’s minor resistance is around 1.5725 and break of will take the pair to 1.5760.The minor support is around 1.5620 and any break would extend loss to 1.5585/1.5522 (100% projection of 1.58247 to 1.55840 from 1.57629).
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell GBP/USD around 1.56735-40, SL 1.5726, Target 1.55840/1.5525.