GBP/USD: pound is under Cloud’s pressure

GBP/USD: pound is under Cloud’s pressure

Technical levels: support – 1.2800; resistance – 1.2860.

Trade recommendations:

  1. Sell — 1.2860; SL — 1.2880; TP1 — 1.2800; TP2 — 1.2750.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are bounced from the Cloud’s resistance and may continue to fall.

02-gbpusdh4.png

gbp

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The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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