GBP/USD: pound has grown to SSB

Technical levels: support – 1.2310; resistance – 1.2350, 1.2400.

Trade recommendations:

1. Sell — 1.2400; SL — 1.2420; TP1 — 1.2310; TP2 — 1.2280.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are testing the resistance of upper border of the Cloud; the market is overbought.

usd gbp

Anastasia Mileshkina

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Latest news

08.08.2018 14:30 EUR/USD: local 'V-Top' pattern

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17.01.2018 08:12 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.

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