GBP/USD: pound is approaching resistance

GBP/USD: pound is approaching resistance

Technical levels: support – 1.2910; resistance – 1.2980.

Trade recommendations:

  1. Sell — 1.2980; SL — 1.3000; TP1 — 1.2910; TP2 — 1.2870.

Reason: narrow bullish Ichimoku Cloud and horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are under strong 3-week’s resistance.

02-gbpusdh4.png

gbp

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NZD/CHF is in a downtrend

NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70.

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