GBP/USD: pound on support of Tenkan-Kijun

GBP/USD: pound on support of Tenkan-Kijun

2019-11-11 • Updated

Technical levels: support – 1.2900; resistance – 1.2960.

Trade recommendations:

1. Buy — 1.2900; SL — 1.2880; TP1 — 1.2950; TP2 — 1.2980.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of the lines Tenkan-sen and Kijun-sen; the market is in consolidation, may go lower to the Cloud.

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