GBP/USD Forecast: breaking out the resistance of the Cloud

com-l4Technical levels: support – 1.3120, 1.3080; resistance – 1.3160, 1.3230.

Trade recommendations:

1. Buy — 1.3120; SL — 1.3100; TP1 — 1.3230; TP2 — 1.3290.

Reason: a bearish Ichimoku Cloud, but the bulls are breaking out the Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the markets overbought.

Origin: FX BAZOOKA

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