GBP/USD: pound reached daily support

GBP/USD: pound reached daily support

Technical levels: support – 1.2700; resistance – 1.2810, 1.2860

Trade recommendations:

  1. Buy — 1.2710/20; SL — 1.2690; TP1 — 1.2810; T2 — 1.2860.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the strong daily support.

02-gbpusdh4.png

gbp

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XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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