Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.5673
Kijun-Sen level: 1.5704
Ichimoku cloud top: 1.5686
Ichimoku cloud bottom: 1.5669
GBP/USD retreated after making high of 1.5760 and overall trend is weak as long as 1.5760 holds. On the upper side break above would target 1.5825.
The pair’s minor support is around 1.5585 and any break below will target 1.5503/1.5300 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Buy
Recommendation: Sell GBP/USD around 1.5670, SL 1.576, Target 1.5300.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.5673
Kijun-Sen level: 1.5704
Ichimoku cloud top: 1.5686
Ichimoku cloud bottom: 1.5669
GBP/USD retreated after making high of 1.5760 and overall trend is weak as long as 1.5760 holds. On the upper side break above would target 1.5825.
The pair’s minor support is around 1.5585 and any break below will target 1.5503/1.5300 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Buy
Recommendation: Sell GBP/USD around 1.5670, SL 1.576, Target 1.5300.