GBP/USD: pound on new highs
Technical levels: support – 1.2790, 1.2700; resistance – 1.2900.
Trade recommendations:
1. Buy — 1.2800; SL — 1.2780; TP1 — 1.2880; TP2 — 1.2900.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the local support; but the market is overbought.