GBP/USD: pound broke SSB’s resistance

GBP/USD: pound broke SSB’s resistance

Technical levels: support – 1.2900; resistance – 1.2980.

Trade recommendations:

  1. Buy — 1.2920; SL — 1.2900; TP1 — 1.2980; TP2 — 1.3050.

Reason: narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices broke the Cloud’s resistance and entered into the positive area.




Latest news

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...


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