GBP/USD: pound is under Cloud’s resistance

GBP/USD: pound is under Cloud’s resistance

Technical levels: support – 1.2670; resistance – 1.2765.

Trade recommendations:

  1. Sell — 1.2740; SL — 1.2460; TP1 — 1.2670; TP2 — 1.2630.

Reason: narrowing bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is under strong resistance of the 4H-Cloud.

02-gbpusdh4.png

gbp

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