Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
GBP/USD: pound stuck in consolidation
Technical levels: support – 1.2910; resistance – 1.2950, 1.2980.
1. Buy — 1.2960; SL — 1.2940; TP1 — 1.3050.
2. Sell — 1.2930; SL — 1.2950; TP1 — 1.2810; TP2 — 1.2710.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are under the resistance of Tenkan-sen and Kijun-sen.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
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