Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2703. According to the 30M time frame, I found a climax action and my advice is to watch for potential selling opportuntiies today. The downward target is set at the price of 1.2605. The price respected resistance at 1.2700 (round number), which is another sign of weakness.
Resistance levels:
R1: 1.2725
R2: 1.2820
R3: 1.2880
Support levels:
S1: 1.2570
S2: 1.2500
S3: 1.2415
Trading recommendations for today: consider potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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