GBP/USD: pound is near main resistance
Technical levels: support – 1.4140; resistance – 1.4200, 1.4250.
Trade recommendations:
- 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.