GBP/USD: pound is in consolidation under Cloud
Technical levels: support – 1.2980; resistance – 1.3000, 1.3090.
Trade recommendations:
- Sell — 1.2980; SL — 1.3000; TP1 — 1.2910; TP2 — 1.2870.
- 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.