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GBP/USD: pound in consolidation inside Tenkan-Kijun

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Technical levels: support – 1.4130; resistance – 1.4210.

Trade recommendations:

  1. Buy — 1.4140; SL — 1.4120; TP1 — 1.4210; TP2 — 1.4270.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market returned into channel Tenakn-Kijun and may bounced from Kijun-sen to the positive area.

02-gbpusdh4.png

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