GBP/USD is off from the Friday's highs as the path remains bullish across the board. There is a bottom established around 1.4100, where the bulls could gather momentum to post fresh highs in the near-term. If the pair succeeds to break above the resistance zone of 1.4177, then it can go towards the psychological level of 1.4200.
H1 chart's resistance levels: 1.4134 / 1.4177
H1 chart's support levels: 1.4061 / 1.3985
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4134, take profit is at 1.4177, and stop loss is at 1.4090.
The material has been provided by InstaForex Company - www.instaforex.com
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