GBP/USD: consolidation over Cloud

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Technical levels: support –  1.2980/90; resistance – 1.3020/40.

Trade recommendations:

  1. Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
  2. Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.

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