GBP/USD: prices are fixed on Cloud

GBP/USD: prices are fixed on Cloud

Technical levels: support – 1.2480; resistance – 1.2530, 1.2580.

Trade recommendations:

1. Buy — 1.2480; SL — 1.2460; TP1 — 1.2530; TP2 — 1.2580.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen; rising Tenkan-sen; the prices are in the support of Senkou Span A.

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GBP/USD: pound on new lows

Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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