GBP/USD: pound is under strong resistance
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.