Recently, the GBP/USD has been trading downward. The price tested the level of 1.3209. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday's low at the price of 1.3222, which is a sign that selling looks risky. I also found that price went above the pivot level (1.3233), which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3280 (pivot resistance 1) and at the price of 1.3325 (pivot resistance 2).
Resistance levels:
R1: 1.3280
R2: 1.3325
R3: 1.3374
Support levels:
S1: 1.3185
S2: 1.3140
S3: 1.3090
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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