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GBP/USD: pound returned to Cloud’s resistance

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Technical levels: support – 1.2910; resistance – 1.3040, 1.3100.

Trade recommendations:

  1. Sell — 1.3000; SL — 1.3020; TP1 — 1.2910; TP2 — 1.2850.

Reason: bearish Ichimoku Cloud but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices returned to bottom border of the Cloud – Senkou Span B; there is a strong resistance, waiting for downward bounce.

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