GBP/USD: bulls tested Cloud’s resistance
Technical levels: support – 1.2850; resistance – 1.2910.
Trade recommendations:
- Sell — 1.2840; SL — 1.2860; TP1 — 1.2780; TP2 — 1.2750.
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen under the Cloud; the market can’t breaking out the Cloud’s resistance.