GBP/USD: trading in cloudy area

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Technical levels: support – 1.2360; resistance – 1.2435, 1.2470.

Trade recommendations:

1. Buy — 1.2410; SL — 1.2390; TP1 — 1.2470; TP2 — 1.2510.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of Senkou Span B.

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