Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4118. According to the 30M time frame, I found that price broke the daily pivot resistance 2, which is a sign that buyers are in control. I also found fresh upward cross on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. Intraday upward target is set at the price of 1.4158.
Resistance levels:
R1: 1.4046
R2: 1.4090
R3: 1.4158
Support levels:
S1: 1.3935
S2: 1.3870
S3: 1.3822
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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