FX.co ★ dusty24 | GBP/USD

Hello. GBPUSD - Forecast. Bearish sentiment is clearly expressed by the Ichimoku indicator. The strength of sellers lies in the price of 1.23816 being below the cloud, which consists of Senkou Span B line at 1.24354 and Senkou Span A line at 1.24250. They act as resistance levels. The next selling signal, confirming the strength of sellers, is the cross of the Tenkan-Sen line at 1.23779 and the Kijun-Sen line at 1.24159. There are probably no stronger combinations in the indicator. I am selling this asset. My target is to take the opposite signal for a buy, consider the day's volatility, session completion, and then sleep peacefully, if, of course, I am in profit. In conclusion of the forecast, I want to say that the indicator provides a strong sell signal. However, the market may follow its own path, as it sets the pace, not the indicator. Therefore, a break of the sell position is possible when the market moves above the cloud and consolidates. After that, the selling positions lose their meaning.