GBP/USD: pound reached new highs
Technical levels: support – 1.3690; resistance – 1.3830, 1.3900.
Trade recommendations:
- Sell — 1.3730; SL — 1.3750; TP1 — 1.3690.
- Buy — 1.3690; SL — 1.3670; TP1 — 1.3830; TP2 — 1.3900.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the market is on new highs and overbought – expected a correction.