Recently, the GBP/USD has been trading sideways at the price of 1.2900. According to the 4H time frame, the price has broken the bullish flag formation, which is a sign that buyers are in control. The short – term trend is bullish. My advice is to watch for potential buying opportunities. The first upward target Is set at the price of 1.3025.
Resistance levels:
R1: 1.2935
R2: 1.2955
R3: 1.2985
Support levels:
S1: 1.2875
S2: 1.2860
S3: 1.2830
Trading recommendations for today: watch for potential buying opportunities.
