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: pound formed new local lows
Technical levels: support – 1.2570; resistance – 1.2650.
- Buy — 1.2570; SL — 1.2550; TP1 — 1.2650; TP2 — 1.2710.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices made the new lows for the last two months and the marker is oversold.
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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