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GBP/USD: bulls made new local highs

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Technical levels: support – 1.2780; resistance – 1.2840.

Trade recommendations:

  1. Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2870.

Reason: narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.

02-gbpusdh4.png

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