• GBP/USD is knocking on the door of key resistance

• A 38.2% Fibo is at 1.2610 and a daily Ichimoku cloud top at 1.2620

• Thursday's close above the 1.2550 Feb. 5 high could prove significant

• Daily RSI is nearing over bought levels and positive momentum is fading

• Weekly action also eying a cloud base, 1.2634

• Mixed signals leave us side lined for now

• Bullish risk the theme

• GBP/USD trader GBP/USD Trader: [page:2338]
GBP/USD daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)