GBP/USD: pound may go higher

GBP/USD: pound may go higher

Technical levels: support – 1.2980; resistance – 1.3040.

Trade recommendations:

  1. Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090.

Reason: bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span A.

02-gbpusdh4.png

gbp

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XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…

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