GBP/USD – 1.3221
Most recent candlesticks pattern  : N/A
Trend                                : Near term up
Tenkan-Sen level                : 1.3221
Kijun-Sen level                   : 1.3227
Ichimoku cloud top             : 1.3211
Ichimoku cloud bottom       : 1.3171
Original strategy :
Buy at 1.3130, Target: 1.3230, Stop: 1.3095
Position : –Â
Target :Â –
Stop : –
New strategy :
Buy at 1.3130, Target: 1.3230, Stop: 1.3095
Position : –
Target :Â –
Stop : –
As cable has eased after marginal rise to 1.3251, suggesting minor consolidation below this level would be seen and pullback to 1.3191 support cannot be ruled out, however, reckon downside would be limited to 1.3150-60 and 1.3125-30 should hold, bring another rise later, above said resistance at 1.3251 would extend gain to 1.3275-80 but near term overbought condition should prevent sharp move beyond there and reckon 1.3300-10 would hold from here, risk from there has increased for a retreat to take place later.
In view of this, would not chase this rise here and would be prudent to buy cable on pullback as 1.3125-30 should contain downside, bring another upmove later. Only below indicated support at 1.3097 would abort and signal a temporary top is possibly formed, bring further fall towards previous support at 1.3052.
