GBP/USD: pound fixed above Cloud

GBP/USD: pound fixed above Cloud

Technical levels: support – 1.3420; resistance – 1.3470.

Trade recommendations:

  1. Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.




USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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