The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
GBP/USD: pound is overbought
Technical levels: support – 1.2960, 1.2900; resistance – 1.3010.
- 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.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...