GBP/USD: pound is going to 5-W highs

GBP/USD: pound is going to 5-W highs

Technical levels: support – 1.2500, 1.2450; resistance – 1.2550.

Trade recommendations:

1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2500; TP2 — 1.2450.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are under daily resistance.

gbp

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On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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