Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3747. According to the M15 time frame, I found that sellers are in control, which is a sign that buying looks risky. The short-term trend is bearish. The key support level is set at the price of 1.3745. If you see a valid breakout of the support, watch for potential selling opportunities. The downward targets are set at the prices of 1.3692 and 1.3622.
Resistance levels:
R1: 1.3894
R2: 1.4008
R3: 1.4080
Support levels:
S1: 1.3705
S2: 1.3833
S3: 1.3520
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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