GBP/USD: pound is on SSB’s support
Technical levels: support – 1.3000; resistance – 1.3110.
Trade recommendations:
- Buy — 1.3020/40; SL — 1.3000; TP1 — 1.3110; TP2 — 1.3170.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market fell to SSB’s support on 4H-timeframe and may return inside a Cloud.