GBP/USD: pound is under strong resistance

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Technical levels: support – 1.2530; resistance – 1.2550, 1.2590.

Trade recommendations:

1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought.

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