FX.co ★ GBP/USD

Hello traders, Yesterday, bears were quite active on the GBP/USD pair, and as a result of their organized decline, we were able to not only test the local support level at 1.3202 but also break below it. However, we couldn't sustain below this level, even though the volumes were quite high and gradually increased during the decline. This, against the backdrop of the subsequent rise and the reverse breakout of the 1.3202 level, appears to be an attempt to resume the entries of large buyers into positions. In conclusion, I prioritize buying, so today I will be waiting for a retest of the 1.3202 level on the GBP/USD pair, followed by a bounce from it and a resumption of growth towards the targets around 1.3270.