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

Similar

19.04.2019 12:34 USD/CAD: 55 Moving Average acting as support

There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...

cad

19.04.2019 08:55 USD/CHF: price to test nearest support

The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...

chf

18.04.2019 12:17 GBP/USD: 144 MA acting as resistance

There're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed...

gbp

Latest news

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

The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...

eur

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.

gbp