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 in consolidation under Cloud
Technical levels: support – 1.3070; resistance – 1.3120.
- Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.
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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