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GBP/USD: pound in consolidation under Cloud

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Technical levels: support – 1.3070; resistance – 1.3120.

Trade recommendations:

  1. Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.

Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.

02-gbpusdh4.png

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