Recently, the GBP/USD pair has been trading sideways at the price of 1.3391. According to the H1 time frame, I found a broken intraday bullish flat and rejection of the support trend line (larger bullish flag), which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of 1.3437 and 1.3468.
Resistance levels:
R1: 1.3427
R2: 1.3482
R3: 1.3523
Support levels:
S1: 1.3331
S2: 1.3290
S3: 1.3235
Trading recommendations for today: watch for potential buying opportunities.
