FBS: buy GBP/USD at 1.7130
By Tatyana Norkina, FBS
GBP/USD recovered by more than 130 pips yesterday, breaking above a bunch of resistance levels on the hourly and H4 chart.
Ichimoku. The bearish correction seems to be over: on the H4 chart the exchange rate has moved into the positive zone and is now trying to fix above the Cloud (1.7130). The H1 technical picture has also turned positive, what is likely to support buying interest.
Technical levels: support – 1.7110, 1.7130; resistance – 1.7155, 1.7220.
Buy — 1.7130; SL — 1.7110; TP1 — 1.7160; ТР2 – 1.7220 (limit order).