GBP/USD: pound formed new local lows

GBP/USD: pound formed new local lows

Technical levels: support – 1.2570; resistance – 1.2650.

Trade recommendations:

  1. 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.

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gbp

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GBP/USD: pound looking for new highs

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.

EUR/USD: euro tested main resistance

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.

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