GBP/USD: pound returned to Cloud’s support

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Technical levels: support – 1.2850; resistance – 1.2940

Trade recommendations:

  1. Buy — 1.2860; SL — 1.2840; TP1 — 1.2940; T2 — 1.2980.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; an irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market returned to the Cloud’s support and may bounce from SSB’s support.

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