GBP/USD: market waiting for the Bulls

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Technical levels: support – 1.3890; resistance – 1.3940, 1.4010.

Trade recommendations:

  1. 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.

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