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GBP/USD: pound still supported by Cloud

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Technical levels: support – 1.3930; resistance – 1.4010.

Trade recommendations:

  1. Buy — 1.3960; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.
  2. Sell — 1.3920; SL — 1.3940; TP1 — 1.3850; TP2 — 1.3760.

Reason: expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.

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