Recommendation: BUY 131…
GBP/USD: pound returned to SSB
Technical levels: support – 1.3770; resistance – 1.3900.
- Sell — 1.3880; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
- Buy — 1.3920; SL — 1.3900; TP1 — 1.3990; TP2 — 1.4040.
Reason: bearish Ichimoku Cloud with rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are in the negative area and had returned to SSB’s resistance.
On the daily chart, bulls failed to push USD/JPY above an important resistance at 112.45 from the first attempt.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a newgolden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.