FBS Markets Inc.

GBP/USD: pound is on new 2Y-highs

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Technical levels: support – 1.4330; resistance – 1.4430.

Trade recommendations:

  1. Sell — 1.4430; SL — 1.4450; TP1 — 1.4330; TP2 — 1.4300.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the market made a new 2Y-highs and will reach the strong resistance soon.

02-gbpusdh4.png

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