GBP/USD: pound reached 3W-highs

GBP/USD: pound reached 3W-highs

Technical levels: support – 1.4200; resistance – 1.4270, 1.4330.

Trade recommendations:

  1. Buy — 1.4200; SL — 1.4180; TP1 — 1.4270; TP2 — 1.4330.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market is growing up and reached 3W-highs, but inside a overbought area on daily timeframe.

02-gbpusdh4.png

gbp

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Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had bounced from the 2Y-highs and going to correction.

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