GBP/USD: pound is on SSB’s support

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Technical levels: support – 1.3000; resistance – 1.3110.

Trade recommendations:

  1. Buy — 1.3020/40; SL — 1.3000; TP1 — 1.3110; TP2 — 1.3170.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market fell to SSB’s support on 4H-timeframe and may return inside a Cloud.

02-gbpusdh4.png

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