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GBP/USD: pound still on daily Cloud’s support

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Technical levels: support – 1.3900, 1.3830; resistance – 1.3930.

Trade recommendations:

  1. Buy — 1.3930; SL — 1.3910; TP1 — 1.4035; TP2 — 1.4070.
  2. Sell — 1.3940; SL — 1.3960; TP1 — 1.3830; TP2 — 1.3800.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.

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