Recently, the GBP/USD pair has been trading sideways at the price of 1.3803. According to the 15M time - frame, I found that price rejected of the pivot support at 1.3753, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3818, 1.3840 and at the price of 1.3880.
Resistance levels:
R1: 1.3818
R2: 1.3840
R3: 1.3880
Support levels:
S1: 1.3750
S2: 1.3715
S3: 1.3690
Trading recommendations for today: watch for potential buying opportunities.
