Recently, the GBP/USD has been trading upwards. The price tested the level of 1.2814. Anyway, according to the 30M time frame, I found a fake breakout of the Friday's high at 1.2805, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2760 and 1.2725.
Resistance levels:
R1: 1.2820
R2: 1.2840
R3: 1.2870
Support levels:
S1: 1.2775
S2: 1.2750
S3: 1.2730
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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