Recently, the GBP/USD pair has been trading downwards. The price tested the level 1.2428. According to the 4H time frame, I found successful rejection from supply trendline. There is a doji candle and supply bars. My advice is to watch for potetntial selling opportunties. Downward targets are set at the price of 1.2385 and 1.2350.
Resistance levels:
R1: 1.2455
R2: 1.2460
R3: 1.2470
Support levels:
S1: 1.2437
S2: 1.2430
S3: 1.2420
Trading recommendations for today: watch for potential selling opportunities.
