Recently, the GBP/USD pair has been trading downwards. According to the 1H time frame, I found that the price successfully tested the Fibonacci retracement 61.8% at the level of 1.3529, which is a sign that selling looks risky. I also found a bullish outside bar candle formation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of 1.3580 and 1.3610.
Resistance levels:
R1: 1.3590
R2: 1.3615
R3: 1.3650
Support levels:
S1: 1.3530
S2: 1.3498
S3: 1.3470
Trading recommendations for today: watch for potential buying opportunities
