Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2183. According to the 4H time frame, I found that sellers are in control. My advice is to watch for potential selling opportunities. Targets are set at the price of 1.2124 and at the price of 1.2000. The short-term trend is downward.
Fibonacci pivot points >
Resistance levels:
R1: 1.2283
R2: 1.2300
R3: 1.2330
Support levels:
S1: 1.2225
S2: 1.2205
S3: 1.2175
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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