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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What are the scenarios for gold?

On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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