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GBP/USD: pound is in consolidation under Cloud

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Technical levels: support – 1.2980; resistance – 1.3000, 1.3090.

Trade recommendations:

  1. Sell — 1.2980; SL — 1.3000; TP1 — 1.2910; TP2 — 1.2870.
  2. Buy — 1.3010; SL — 1.2090; TP1 — 1.3090; TP2 — 1.3140.

Reason: bearish Ichimoku Cloud with horizontal borders; a dead cross of Tenkan-sen and Kijun-sen, but the narrow channel of the lines; the bears can’t breaking down the support of 1.2980.

02-gbpusdh4.png

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