GBP/USD: 'V-Top' pattern led to decline
There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...
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.
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Anastasia Mileshkina
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