GBP/USD had a huge decline from the the resistance level of 1.4282 reaching new lows across the board. Currently, we are watching a lower low pattern formation above the support level of 1.4069, where a breakout can be seen towards the level of 1.3963.
H1 chart's resistance levels: 1.4206 / 1.4282
H1 chart's support levels: 1.4069 / 1.3963
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is seen at 1.4069, take profit is at 1.3963, and stop loss is at 1.4172.
