GBP/USD: pound fixed above Cloud

GBP/USD: pound fixed above Cloud

Technical levels: support – 1.3240; resistance – 1.3340.

Trade recommendations:

  1. Buy — 1.3280; SL — 1.3260; TP1 — 1.3340; TP2 — 1.3380.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices was fixed above a Cloud and Tenkan-sen and may go higher to 1.3340.

02-gbpusdh4.png

gbp

Similar

AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

How about USD/JPY?

USD/JPY made a sizeable move up last week. It retraced more than 50% of the December-January decline.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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