On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.
GBP/USD: pound Cloud’s support
2019-11-11 • Updated
Technical levels: support – 1.3170; resistance – 1.3270
- Buy — 1.3170; SL — 1.3150; TP1 — 1.3270; TP2 — 1.3330.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the market made tested the Cloud’s support and ready to continue uptrend.
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