Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are supported on Tenkan-sen and will continue the uptrend.
GBP/USD: bulls made new local highs
Technical levels: support – 1.2780; resistance – 1.2840.
- Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2870.
Reason: narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.
Bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to upper border of the Cloud.
Recommendation: BUY 1…
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