GBP/USD: pound is near main resistance

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Technical levels: support – 1.4140; resistance – 1.4200, 1.4250.

Trade recommendations:

  1. Sell — 1.4200; SL — 1.4220; TP1 — 1.4140; TP2 — 1.4080.

Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the market was supported by Kijun-sen, but now is overbought and it’s under strong resistance.

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