FBS Markets Inc.

GBP/USD: pound supported by Kijun-sen

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Technical levels: support – 1.3070; resistance – 1.3130

Trade recommendations:

  1. Buy — 1.3070; SL — 1.3050; TP1 — 1.3130; T2 — 1.3180.

Reason: expanding bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market was supported by Kijun-sen and may continue uptrend.

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