Recently, the GBP/USD pair has been trading sideways at the price of 1.3420. According to the H1 time – frame, I found a bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for a otential breakout of the bullish flag to confirm a further upward movement. The upward target is set at the price of 1.3480.
Resistance levels:
R1: 1.3467
R2: 1.3520
R3: 1.3566
Support levels:
S1: 1.3368
S2: 1.3321
S3: 1.3269
Trading recommendations for today: watch for potential buying opportunities.
