Recommendation: BUY 1…
GBP/USD: pound supported by SSB
Technical levels: support – 1.3030; resistance – 1.3140.
- Buy — 1.3040; SL — 1.3020; TP1 — 1.3110; TP2 — 1.3140.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud but supported by Senkou Span B.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
GBP/JPY broke support level 141…