Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2956. According to the Daily time frame, I found that price broke critical resistance (1.2900), which is a sign that buyers are in control. My advice is to watch for potential buying opportunties. The first upward target is set at the price of 1.3025. The short–term trend is bearish.
Resistance levels:
R1: 1.2915
R2: 1.2935
R3: 1.2970
Support levels:
S1: 1.2855
S2: 1.2835
S3: 1.2800
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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