GBP/USD: market waiting for the Bulls
Technical levels: support – 1.3890; resistance – 1.3940, 1.4010.
Trade recommendations:
- Buy — 1.3950; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market is still on the support of the Cloud.