GBP/USD: pound on 3W-highs

2018-10-11 20:00    FBS

Technical levels: support – 1.3170, 1.3110; resistance – 1.3260.

Trade recommendations:

  1. Buy — 1.3170; SL — 1.3150; TP1 — 1.3230; TP2 — 1.3260.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are updated 3W-highs and may go higher, but the market is overbought.

GBP/USD: pound on 3W-highs Institution Opinions


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