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.
GBP/USD: consolidation over Cloud
Technical levels: support – 1.2980/90; resistance – 1.3020/40.
- Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
- 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.
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.
Recommendation: BUY 0…
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