GBP/USD: pound is overbought

GBP/USD: pound is overbought

Technical levels: support – 1.2860; resistance – 1.3030.

Trade recommendations:

  1. Sell — 1.3020; SL — 1.3040; TP1 — 1.2920; TP2 — 1.2860.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines; the market returned to resistance of Senkou Span B and may correcting inside a Cloud.

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gbp

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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