Recently, the GBP/USD has been trading downwards. The price tested the level of 1.4144. Anyway, according to the 30M time – frame, I found a confirmed bullish flag in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the moving average osicllator, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.4245 and at the price of 1.4310.
Resistance levels:
R1: 1.4215
R2: 1.4250
R3: 1.4277
Support levels:
S1: 1.4150
S2: 1.4125
S3: 1.4090
Trading recommendations for today: watch for potential buying opportunities.
