Recommendation: BUY 0…
GBP/USD: pound will test SSB’s support
Technical levels: support – 1.3280; resistance – 1. 3410.
- Buy — 1.3280; SL — 1.3260; TP1 — 1.3410; TP2 — 1.3460.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen, but rising Tenkan-sen; the prices are on the strong support inside a Cloud.
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…