GBP/USD: falling into cloudy area
Technical levels: support – 1.3990; resistance – 1.4090.
Trade recommendations:
- Buy — 1.3990; SL — 1.3970; TP1 — 1.4155; TP2 — 1.4225.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered inside a Cloud and can test the support of Senkou Span B.