GBP/USD: pound is overbought

GBP/USD: pound is overbought

Technical levels: support – 1.2960, 1.2900; resistance – 1.3010.

Trade recommendations:

  1. Sell — 1.3000; SL — 1.3020; TP1 — 1.2960; TP2 — 1.2900.

Reason: bullish Ichimoku Cloud; rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; but the market is overbought and reached the 2M-resistance.

02-gbpusdh4.png

gbp

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