Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2917. According to the 1H time frame, I found a wide spread divergent bar, which is a sign of weakness. The key level to confim bearish divergence is 1.2880. If the price breaks the level of 1.880, watch for potential selling opportunities. The first downward target is set at the price of 1.2810.
Resistance levels:
R1: 1.2860
R2: 1.2875
R3: 1.2900
Support levels:
S1: 1.2815
S2: 1.2800
S3: 1.2775
Trading recommendations for today: watch for potential selling opportunities.
