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GBP/USD: The Bulls returned pound to Cloud

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Technical levels: support – 1.3040; resistance – 1.3170.

Trade recommendations:

  1. Sell — 1.3140/50; SL — 1.3170; TP1 — 1.3040; TP2 — 1.2920.

Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the prices returned to 4H-Cloud, but there is a strong resistance of SSA.

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