GBP/USD: where we going?

So, thought I would have a little gander at the Pound. Comparing this to the USD for entry on a weekly basis does looking precarious but interesting, my knowledge of the Ichimoku cloud is weak but I believe that trading within it is fearless due to the volatility. Thus creating a slightly fast passed potential movement. I reckon the resistance we are looking at for the upper is 1.30 for the next week or so.
Yet I don't know if this is the direction we will be seeing, the RSI is highlighting the market is returning from an overbought position, and looking to continue downwards. This potential sell off is further illustrated by the increasing sell volume within the market. Therefore I reckon next potential bounce point/resistance area is the 1.26789 point because of previous resistance areas that can be seen over the last few months.

I wouldn't bother entering here personally because of the potential flip and lack of real opportunity but high risk. I will be looking to wait for a further cool down and maybe between 1.24-1.26 for entry(yes pretty vague). But I shall keep watch and see where the market is looking to shift to.


Peace.

TradingView, 2019.

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