GBP/USD: pound inside Cloud yet
Technical levels: support – 1.2700, 1.2860; resistance – 1.2920
Trade recommendations:
- Sell — 1.2840; SL — 1.2860; TP1 — 1.2800; T2 — 1.2750.
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun; the Bulls tried to break the SSB’s resistance but failed.