Analytics & Forecasts

GBP/USD: correction to the Cloud

9 September 2016, 11:13
Eko Rediantoro
Eko Rediantoro
0
120

Technical levels: support – 1.3270; resistance – 1.3360.

Trade recommendations:

1. Buy — 1.3270; SL — 1.325; TP1 — 1.3360; TP2 — 1.3420.

Reason: a bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen but the strong support of Cloud.

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