Recently, the GBP/USD pair has been trading downwards.The price tested the level of 1.2962. According to the 15M time frame, I have found that sellers are in control today on the market. I found weak demand in a low volume on the rallies, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities today. Downward targets are set at the price of 1.2940 and 1.2920.
Resistance levels:
R1: 1.3010
R2: 1.3025
R3: 1.3035
Support levels:
S1: 1.2990
S2: 1.2980
S3: 1.2965
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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