Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3513. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.3523, which is a sign that selling looks risky. I also found a piercing pattern, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at 1.3555 and 1.3580.
Resistance levels:
R1: 1.3595
R2: 1.3620
R3: 1.3655
Support levels:
S1: 1.3530
S2: 1.3495
S3: 1.3469
Trading recommendations for today: watch for potential buying opportunities.
