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GBP/USD: pound returned to Cloud

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Technical levels: support – 1.3960; resistance – 1.4010, 1.4050.

Trade recommendations:

  1. Buy — 1.4000; SL — 1.3980; TP1 — 1.4050; TP2 — 1.4100.
  2. Sell — 1.3930; SL — 1.3950; TP1 — 1.3870; TP2 — 1.3810.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the narrowing channel of the lines; the prices are returned to the Cloud.

02-gbpusdh4.png

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