Recently, the GBP/USD pair has been trading upwards. The price tested the level 1.2482. According to the 5M time frame, I found bearish divergence and a broken neckline, which is a sign that buying looks risky. My advice is to watch for selling opportunities. Targets are set at the price of 1.2430 and 1.2400.
Resistance levels:
R1: 1.2480
R2: 1.2485
R3: 1.2495
Support levels:
S1: 1.2460
S2: 1.2457
S3: 1.2450
Trading recommendations for today: watch for potential selling opportunities.
