GBP has been trading downwards in the past 24 hours and the price did test the level of 1.2900. I found that level at 1.2900 is go-no go level and very important pivot level.
Successful rejection of the support at 1.2900 may lead us for potential test of 1.2970 and buying the dips on the lower frames 5/15 would be appropriate strategy.
Downside breakout of the support may lead for potential test of 1.2850.
MACD is showing increased momentum on the downside
