Recommendation: BUY 0…
GBP/USD: pound is under Cloud’s resistance
Technical levels: support – 1.2670; resistance – 1.2765.
- 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.
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…