GBP/USD: pound returned to Cloud
Technical levels: support – 1.3980; resistance – 1.4100, 1.4170.
Trade recommendations:
- Buy — 1.3980; SL — 1.3960; TP1 — 1.4100; TP2 — 1.4170.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the cloudy area and will may test the Kijun’s support.