FBS Markets Inc.

GBP/USD: pound bounced from Kijun

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Technical levels: support – 1.3535; resistance – 1.3590.

Trade recommendations:

  1. Buy — 1.3540; SL — 1.3420; TP1 — 1.3590; TP2 — 1.3650.

Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; a market is overbought, but the prices are on the support of Tenkan and Kijun.

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