GBP/USD: pound is under SSA’s resistance
Technical levels: support – 1.2850; resistance – 1.2970
Trade recommendations:
- Sell — 1.2960; SL — 1.2980; TP1 — 1.2880; T2 — 1.2850.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market still inside a Cloud but under the strong resistance of Senkou Span A.