mql5

GBP/USD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud for the ranging within the following support/resistance levels:

• 1.2795 support level located below Ichimoku cloud in the bearish area of the chart, and
• 1.3480 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started.

If the price breaks 1.2795 support level to below on close D1 bar so the bearish trend will be continuing.
If the price breaks 1.3480 resistance to above on close D1 bar so the local uptrend as a bear market rally will be started.
If not so the price will be continuing with the ranging within the levels.