The pair did a strong bullish move on Monday's Easter holiday, despite thin liquidity across FX markets. Currently, GBP/USD remains to trade to the upside, consolidating its gains above the 1.2550 zone. The pair should make a breakout of Monday's highs in order to reach the next key resistance located around 1.2658.
H1 chart's resistance levels: 1.2551 / 1.2658
H1 chart's support levels: 1.2423 / 1.2333
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2551, take profit is at 1.2658 and stop loss is at 1.2443.
