Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2950. Anyway, I found a fake breakout of yesterday's high and strong rejection from resistance. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2865.
Resistance levels:
R1: 1.2945
R2 : 1.2955
R3: 1.2970
Support levels:
S1: 1.2910
S2: 1.2900
S3: 1.2883
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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