The pair had a rally above the support level of 1.3258 and it's forming a higher high pattern on H1 chart. Currently, our scenario remains bullish and we should keep looking for a resistance level at the 1.3480 price zone. Across the board, price action is on the upside, but one correction towards the 1.3170 level can be seen.
H1 chart's resistance levels: 1.3360 / 1.3458
H1 chart's support levels: 1.3358 / 1.3270
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3360, take profit is at 1.3458 and stop loss is at 1.3241.
