GBP/USD: pound still supported by Cloud
Technical levels: support – 1.3930; resistance – 1.4010.
Trade recommendations:
- Buy — 1.3960; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.
- Sell — 1.3920; SL — 1.3940; TP1 — 1.3850; TP2 — 1.3760.
Reason: expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.