The pair is facing strong resistance around the 1.4183 level, where sellers are considering a good scenario to push the Cable lower. However, as we should note on the H1 chart, GBP/USD can make a break higher above the 1.4183 level in order to do a rally towards the 1.4267 level, which is the most recent inflection area.
H1 chart's resistance levels: 1.4183 / 1.4267
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 at 1.4069, take profit is at 1.3963, and stop loss is at 1.4177.
