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GBP / USD pair
In the last few days, there is a small consolidation and uncertainty. The players to rise cannot overcome the key resistance zone, although they retain the daily short-term advantage, using Tenkan (1.3103) as support. On the way of further bullish plans, currently it is 1.3160-80 (Kijuny day + month) and 1.3214-25 (week Tenkan + Senkou Span B). Bears need to return to a downtrend for restoring their moods and prospects (minimum extremum is 1.2957).
In the resistance zone, many strong and important levels are now concentrated. Breakdown will allow players to raise to consider the nearest landmark, which is the goal for the breakdown of the H4 cloud. Relative to the clouds of the lower halves, fastening in the bearish zone will form insignificant potential downside targets for the breakdown of H1 and H4 clouds. Therefore, the main interest of players to fall in the current situation has a minimum extremum of 1.2957, which allows to restore the downtrend on the daily and weekly time interval.
Indicator parameters:
all time intervals 9 - 26 - 52
Color of indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chikou is gray,
clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
Color of additional lines:
support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
horizontal levels (not Ichimoku) - brown,
trend lines - purple.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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