GBP/USD: pound still strong

2018-11-08 20:00    FBS

Technical levels: support – 1.3060; resistance – 1.3170.

Trade recommendations:

  1. Buy — 1.3060; SL — 1.3040; TP1 — 1.3170; TP2 — 1.3240.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are reached the main 4H’s resistance and may correct to Tenkan-sen or Kijun-sen before continuing uptrend.

GBP/USD: pound still strong Institution Opinions


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