GBP/USD is finding dynamic support around the 200 SMA zone and it's looking to test fresh highs across the board. However, bears are still trying to push lower to the pair, and it's something that is feasible at this point because a pullback should push it towards the support level of 1.3037. To the upside, the nearest resistance lies at 1.3309.
H1 chart's resistance levels: 1.3201 / 1.3309
H1 chart's support levels: 1.3037 / 1.2880
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.3037, take profit is at 1.2880 and stop loss is at 1.3193.
