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GBP/USD: Bulls entered into Cloud

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Technical levels: support – 1.2750, 1.2660; resistance – 1.2805, 1.2840.

Trade recommendations:

  1. Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2900.
  2. Sell — 1.2750; SL — 1.2770; TP1 — 1.2660; TP2 — 1.2610.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud and the Bulls will going to the upper bound of the Cloud.

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