Recently, GBP/USD has been trading upwards. The price tested the level of 1.3300. According to the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the MACD oscillator in the background, which is anotehr sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.3470.
Resistance levels: R1: 1.3310R2: 1.3375R3: 1.3475
Support levels: S1: 1.3142S2: 1.3040S3: 1.2975 Trading recommendations for today: watch for potential buying opportunities.
