GBP/USD: consolidation over Cloud

GBP/USD: consolidation over Cloud

Technical levels: support –  1.2980/90; resistance – 1.3020/40.

Trade recommendations:

  1. Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
  2. Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.

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gbp

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Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.

EUR/USD: euro tested main resistance

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.

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