GBP/USD: pound looks better

GBP/USD: pound looks better

Technical levels: support – 1.2900; resistance –1.2950, 1.3070.

Trade recommendations:

  1. Buy — 1.2920/30; SL — 1.2900; TP1 — 1.3010; TP2 — 1.3070.

Reason: narrow bullish Ichimoku Cloud, horizontal Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen and the Bulls going to breakout an SSA’s resistance.





EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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