GBP/USD: bulls look strong

GBP/USD: bulls look strong

Technical levels: support – 1.2920, 1.2980; resistance – 1.3020/40.

Trade recommendations:

  1. Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are breaking out the Cloud’s resistance and may go higher.

02-gbpusdh4.png

gbp

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Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.

GBP/USD: pound fixed above Cloud

Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.

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