Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.
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.
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.
Recommendations: SELL 1…
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