Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2959. According to the 15M time frame, I found broken upward channel and hidden bearish divergence in the background, which is a sign that buying looks risky today. My advice is to watch for potetntial selling opportunities. The downward target lies at the price of 1.2915.
Resistance levels:
R1: 1.3025
R2: 1.3040
R3: 1.3055
Support levels:
S1: 1.2990
S2: 1.2980
S3: 1.2960
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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