GBP/USD: pound in correction to Cloud

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Technical levels: support – 1.3500, 1.3450, 1.3240; resistance – 1.3660.

Trade recommendations:

  1. Buy — 1.3550; SL — 1.3530; TP1 — 1.3630; TP2 — 1.3660.
  2. Sell — 1.3530; SL — 1.3530; TP1 — 1.3450; TP2 — 1.3380.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are going to Cloud’s resistance.

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