GBP/USD: the Bulls appeared on market

GBP/USD: the Bulls appeared on market

2019-11-11 • Updated

Technical levels: support – 1.4040; resistance – 1.4140.

Trade recommendations:

  1. Buy — 1.4060; SL — 1.4040; TP1 — 1.4140; TP2 — 1.4170.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are still inside a Cloud, but supported by Kijun-sen.

02-gbpusdh4.png

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